Recent movements in the cryptocurrency market have highlighted significant activity in Shiba Inu (SHIB)🚀🚀and Cardano (ADA), with both tokens seeing a notable rise in large-scale transactions. According to Santiment reports, this increase is driven primarily by whale investors, characterized by transactions exceeding $100,000.

This week, the number of such large transactions for SHIB and ADA has more than doubled compared to the average for 2024. A chart accompanying the report shows the current count of these significant transactions at 875 for ADA and 321 for SHIB. Just the day before, these figures were significantly lower, at around 455 for Cardano and 81 for Shiba Inu.#shiba⚡ #Shibainuholder

Additionally, U.Today reported on intriguing whale activity for SHIB, noting that early investors from 2021 recently accumulated over 1.3 trillion Shiba Inu, worth approximately $33.28 million.

The exact reason behind this accumulation by major players in these digital assets is still unclear. Currently, both $ADA and $SHIB prices are slightly down, with both tokens trading in the red today.#Shibalnu

However, a broader view reveals that since the start of the week, over the last three days, the prices of Shiba Inu and Cardano have seen modest gains of 3.8% and 2.5%, respectively, amid relatively low volatility and rapid fluctuations. This trend could indicate that whales are actively accumulating positions on the buying side.