Huge transactions flow into these Altcoins; Will they be able to overcome the accumulation?

Cryptocurrency markets have shown significant strength since the start of the year. Meanwhile, bears also showed their involvement as markets consolidated after Bitcoin failed to reach certain levels. While the markets appeared to be under a bearish influence, whales saw it as a good opportunity to accumulate. In recent times, whale activity on some platforms has intensified.

Memecoins have gained more attention in recent months, and as a result, many primitive tokens have come in and shown magnificent price action. However, popular ones like Dogecoin and Shiba Inu have continued to show small variations. Furthermore, the third-generation cryptocurrency, Cardano, did not expect any major impact as levels remained consolidated below $0.5. Therefore, this may have appeared as a great opportunity to hoard, as the whales began to do so.

According to data from Most Holy, there has been a huge increase in whale transactions in Cardano, Shiba Inu and JasmyCoin. JASMY price has gained a lot of popularity lately, which could be a possible reason for interest. All three platforms witnessed a sharp increase in huge transactions of over 100,000, which comparatively doubled this week. This suggests that whales are accumulating heavily, speculating that a nice bullish move could soon begin in the latter part of the year.

ADA price consolidated very hard within a very narrow range as volatility and volume reduced dramatically. Furthermore, JASMY price is surging towards the higher targets and The price of the SHIB has gained some strength. Therefore, a notable increase in their value can be expected in the coming days, as whales have sent a huge bullish signal for these altcoins.

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