This week, crypto whales have focused their investments on three altcoins: Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY). On-chain data reveals significant spikes in transactions exceeding $100,000 for these altcoins, suggesting substantial interest from large holders.
Cardano has experienced a notable surge, with whale transactions increasing and ADA's price climbing 6% since May 31. Shiba Inu also saw heightened activity, driven by investor speculation following Pepe's price peak, with SHIB rising 5%. JasmyCoin witnessed a remarkable 48% increase in price, attributed to heightened mentions on social media and optimistic technical indicators.
These trends indicate that whales might have access to favorable information or expect bullish movements, reflecting broader market confidence as Bitcoin shows strength.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
