Whales Accumulate Altcoins Before Market Drop

Whales Accumulate Altcoins Prior to Market Correction

Whale activity has recently indicated the accumulation of non-Bitcoin cryptocurrencies, even before the significant drop in Bitcoin's value. The following altcoins were identified as targets for whale investment:

Cardano (ADA)

Whale interest in ADA coin has been substantial, with transaction volumes exceeding $100,000 surging as of late. This has contributed to a 5% increase in ADA's price.

SHIBA Coin

Whale transactions for SHIB coin increased notably in June, despite a price decline towards the end of May. However, with the recent drop in Bitcoin below $69,000, whale activity in SHIB has subsided, resulting in an 11% decline at the time of writing.

JASMY Coin

JASMY coin has exhibited a significant price increase since May 31, with analysts projecting further volatility. The coin's value has surged by 48%, approaching its all-time high of $0.0425.

The market correction has impacted the overall behavior of whales, with many withdrawing from altcoin positions as Bitcoin's value plummeted. This activity suggests anticipation of a potential pullback, creating opportunities for investors to re-enter the market at favorable prices.