Whale activity has surged in several cryptocurrencies, including Cardano (ADA), Shiba Inu (SHIB), and Jasmy (JASMY), according to analytics firm Santiment.
Whale Activity Spikes
Santiment reports that the number of transactions worth over $100,000 in these networks has more than doubled compared to average levels in 2024. This indicates that whales are accumulating these assets.
Dogecoin Gains Favor
Crypto trader Ali Martinez notes that whales have acquired 200 million Dogecoin (DOGE) since May 30th.
Bitcoin Sentiment
Despite recent price gains, Santiment observes a lack of enthusiasm for Bitcoin (BTC) compared to its March rally. This is seen as a positive sign, as it suggests less euphoria and a potential for sustained growth.
