Santiment Highlights Three Altcoins: Whales Are Accumulating, Price Surge Imminent
Santiment has pointed out that whales have started accumulating altcoins like Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) before a potential price surge.
The recent uptrend in Bitcoin (BTC) and altcoins has led to a buying frenzy, with whales getting in early to accumulate these coins before a possible price increase.
Based on on-chain data, Santiment identified ADA, SHIB, and JASMY as the altcoins experiencing significant whale activity. This accumulation by wealthy investors suggests a bullish outlook for these coins.
Santiment noted that whale activity in ADA, JASMY, and SHIB has more than doubled compared to the average for 2024, indicating a strong interest from large investors.
The sudden spike in whale interest has triggered price surges for Cardano, Shiba Inu, and Jasmy, with transactions over $100,000 on each network increasing significantly.
One notable institutional investor who previously made significant profits from SHIB during the 2021 bull market has re-entered the market, acquiring a substantial amount of SHIB in exchange for WETH.
As always, it’s important to remember that this is not investment advice. To explore a wide range of cryptocurrencies, consider registering with Binance exchange for a 20% commission discount.
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