Watch out for Shiba Inu and Two Altcoins: Whales Can Create Bigger Waves!

Santiment pointed to increased whale activity and volatility for 3 different altcoins.

On-chain analysis platform Santiment included Shiba Inu (SHIB), Cardano (ADA) and JasmyCoin (JASMY) in its post dated June 6. Stating that these 3 altcoin projects have been exposed to an increase in volatility in recent days, Santiment emphasized that whale accumulations have also increased.

It was stated that for all three projects, the amount of whales with a volume of more than 100 thousand dollars increased this week by twice the average of 2024:

Cardano , Shiba Inu , and Jasmy are enjoying the swings, and each appears to be buoyed by a spike in whale interest. More than $100,000 in transactions on each of these networks more than doubled this week compared to the usual 2024 averages, indicating accumulation.

Especially SHIB and JASMY managed to attract attention with their upward performance this week.

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