๐๐๐ whale activities have made significant ripples, with several large transactions catching the attention of investors and analysts alike. The blockchain-monitoring service Whale Alert reported an abrupt relocation of 9,601 $btc valued at over $387.705 million, from an unknown wallet to the digital asset exchange Coinbase1. This move has sparked speculation about potential market impacts if the Bitcoin trove is sold on the open market.
Simultaneously, Shiba Inuโs ecosystem witnessed a remarkable 268% surge in whale activity, correlating with a price rebound and a massive increase in transaction volumes reaching $98.12 million within 24 hours2. The spike in large transactions comes alongside significant upgrades to Shiba Eternity, enhancing player interaction and strategic depth.
Furthermore, on-chain data reveals that crypto whales have been betting on altcoins such as ADA, SHIB, and JASMY. There has been a notable rise in transactions exceeding $100,000 compared to the usual averages for 20243. This trend indicates whalesโ growing interest in diversifying their portfolios beyond the leading cryptocurrencies.
Analysts are closely monitoring these developments as whale holdersโ substantial influence can significantly impact supply, demand, and overall market sentiment. The consistent accumulation of Bitcoin by whale holders suggests a bullish outlook, reducing market supply and creating upward price pressure4.
