The giant whale is buying these 3 altcoins, can you provide some reference? đ„
On-chain data shows that crypto whales made large purchases of three altcoins this week: ADA, SHIB, and JASMY. The volume of transactions over $100,000 has increased significantly compared to the 2024 average, and the whales may have certain non-public information.
Cardano (ADA)
Whales buy ADA for less than $0.5, and transactions over $100,000 surge. Since May 31, ADA price has increased by 6%. The U.S. Securities and Exchange Commission (SEC) has recommended that ETH, ADA, etc. be classified as securities, but the recently approved Ethereum spot ETF has eased concerns about ADA as a security, possibly inspiring increased activity from large holders.
Shiba Inu (SHIB)
SHIBâs trading activity and price surged in June. Between May 31 and June 6, transactions over $100,000 increased from 18 to 39, and SHIB prices increased by 5%. Increased investor interest in SHIB may be due to the impact of PEPE price fluctuations.
JasmyCoin (JASMY)
JASMY has been mentioned frequently on social media, causing its price to increase by 48% since May 31. Technical indicators suggest there is room for further gains. As of Tuesday, the coin was just shy of its all-time high of $0.0425. Whale trades increased from 3 in May to 8 in June.
Bitcoin prices are firmer, trading at $71,162. 98.375% of BTC holders have unrealized profits and may transfer profits to altcoins, kicking off the altcoin season.
Given the recent activity of whales, ADA, SHIB, and JASMY may continue to gain more.
Overall, whale buying activity shows strong interest in these three altcoins, which may drive further price gains in the future.
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