Crypto traders are tracking a series of large altcoin whale transfers as Bitcoin (BTC) hovers at the $44,000 mark.
New on-chain data from Santiment, tracked by crypto analyst Ali Martinez, shows Cardano (ADA) whales just purchased about 16,000,000 ADA in a 24-hour period.
[adinserter block="1"]This represents the largest single-day spike in Cardano whale accumulation in months.
In the last week, ADA has moved from a low of $0.76 to $0.95 at time of publishing.
Meanwhile, on-chain data shows a new whale is amassing a trove of Dogecoin (DOGE) competitor Shiba Inu (SHIB).
According to the whale watcher WhaleStats, a single whale just accumulated 442,637,867,858 SHIB worth $11.9 million.
[adinserter block="1"]SHIB remains one of the most widely-held crypto assets among large Ethereum (ETH) whales.
About $1,521,000,000 worth of SHIB is held by the top 100 Ethereum wallets on record, behind only FTX Token (FTX) and ETH itself.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Digital Store
