Major Spike in Whale Transactions for Shiba Inu (SHIB) and Cardano (ADA) Observed
According to the latest findings from crypto analytics firm Santiment, two popular altcoins, Shiba Inu (SHIB) and Cardano (ADA), are seeing a significant increase in transactions carried out by large whales. In addition, the controversial crypto asset HEX has also experienced a surge in transactions valued at over $100,000.
Cardano’s Last Spike Predicted a Rise in Price
The last time Cardano (ADA) experienced a similar spike, it was followed by a substantial increase in its price, according to Santiment.
SHIB Ranks as Second-Largest Altcoin Holding Among Ethereum Whales
As reported by WhaleStats, Shiba Inu (SHIB) has now become the second-largest altcoin holding among Ethereum whales, just behind the stablecoin Tether (USDT). The 5,000 biggest Ethereum (ETH) whales collectively hold 50,905,707,716,073 SHIB, with a total worth of $735,034,573.
Current Market Status of SHIB and ADA
As of publication, Shiba Inu (SHIB) is valued at $0.00001426 and has seen a decline of 1.2% in the last 24 hours. On the other hand, Cardano (ADA) is currently priced at $0.39, with a 1.4% increase in the last day.