Shiba

Cardano

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Shiba Inu

<ul>
 <li>SHIB and ADA whale transactions double the yearly average.</li>
 <li>Cardano hit a yearly high with 1,091 large trades on June 5.</li>
 <li>Shiba Inu surpasses $0.000025 with record high transactions.</li>
</ul>
<p>According to current statistics collected by Santiment, the trading activity of SHIB and ADA whales has been increasing. Transactions exceeding $100,000 have doubled from their average rates within a year showing a shift in behaviors from large investors. This week alone, the volume of these large transactions has seen a remarkable increase, with Shiba Inu and Cardano at the forefront.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a>, <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibaInu</a>, and <a href="https://twitter.com/hashtag/Jasmy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Jasmy</a> are all enjoying surges, each appearing to be triggered after a spike in whale interest. The amount of $100K+ transactions on each of these networks have all more than doubled this week compared to usual 2024 averages, signaling accumulation. <a href="https://t.co/bz2Xtvf2Bx" rel="noopener noreferrer nofollow">pic.twitter.com/bz2Xtvf2Bx</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1798485319551168939?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 5, 2024</a>
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<p><strong>Cardano’s Market Dynamics</strong></p>
<p>Cardano recently achieved a mild price recovery, touching $0.46 early in the week after a 3.35% rise. However, despite the spike in whale transactions on June 5, with 1,091 large trades marking a yearly high, Cardano encountered resistance. The increased trading activity coincided with a rise in exchange inflows, contributing to heightened selling pressure and stabilizing the <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">price around $0.45</a> at press time.</p>
<p><strong>Shiba Inu’s Resilient Rally</strong></p>
<p>Conversely, Shiba Inu capitalized on its whale transaction surge to push past the $0.000025 level. The cryptocurrency recorded 764 high-value transactions on June 5, marking its highest activity in over two months. Despite a similar influx of funds on exchanges, which typically suggests selling pressure, Shiba Inu notched a 5.4% gain the same day, trading at <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">$0.0000256</a> at the time of writing.</p>
<p>While both cryptocurrencies continue to navigate through fluctuating market dynamics, the surge in whale transactions underlines a growing interest from major investors. For Cardano, the challenge remains to convert this heightened activity into sustained growth. Meanwhile, Shiba Inu’s ability to withstand pressure and secure gains may set a positive tone for its near-term trajectory.</p>
<p>This analysis indicates a potentially pivotal moment for these cryptocurrencies as they attract attention from whale investors, suggesting an ongoing recalibration of market strategies among major stakeholders.</p>
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<p>The post <a href="https://cryptonewsland.com/shiba-inu-and-cardano-whale-transactions-double-shifting-market-dynamics/" rel="noopener noreferrer nofollow">Shiba Inu and Cardano Whale Transactions Double, Shifting Market Dynamics</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Shiba Inu and Cardano Whale Transactions Double, Shifting Market Dynamics

Crypto News Land

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