Dogecoin Competitor Shiba Inu and Ethereum Rival Cardano Witness Massive Whale Transfers in 24-Hour Period


Crypto traders are tracking a series of large altcoin whale transfers as Bitcoin (BTC) hovers at the $44,000 mark.

New on-chain data from Santiment, tracked by crypto analyst Ali Martinez, shows Cardano (ADA) whales just purchased about 16,000,000 ADA in a 24-hour period.

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This represents the largest single-day spike in Cardano whale accumulation in months.

Source: Santiment

In the last week, ADA has moved from a low of $0.76 to $0.95 at time of publishing.

Meanwhile, on-chain data shows a new whale is amassing a trove of Dogecoin (DOGE) competitor Shiba Inu (SHIB).

According to the whale watcher WhaleStats, a single whale just accumulated 442,637,867,858 SHIB worth $11.9 million.

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SHIB remains one of the most widely-held crypto assets among large Ethereum (ETH) whales.

About $1,521,000,000 worth of SHIB is held by the top 100 Ethereum wallets on record, behind only FTX Token (FTX) and ETH itself.

Source: WhaleStats

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Featured Image: Shutterstock/Digital Store




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