Plunge

Shiba

Cardano

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whales-buy-altcoins-before-market-plunge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Buy Altcoins Before Market Plunge</a><br></p>
<p style="text-align: justify">Recent <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> indicates that large cryptocurrency holders, known as whales, have been accumulating altcoins ahead of a significant market decline. Prior to <a href="https://en.bitcoinhaber.net/bitcoin-soars-to-record-highs-as-market-momentum-builds" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s sharp drop of over $2,000, whales were seen amassing various altcoins. This activity was expected, as U.S. financial data suggested impending market volatility, which also led to a 3% drop in gold prices. Key altcoins that attracted whale interest include Cardano (ADA), Shiba Inu (SHIB), and JASMY Coin.</p>
<h2 id="cardano-ada-transactions-surge">Cardano (ADA) Transactions Surge?</h2>
<p style="text-align: justify">According to Santiment data, Cardano was a primary target for whale <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. ADA, priced below $0.5, saw a notable increase in transactions over $100,000. This surge began in early June, resulting in a 5% price jump. Whale activity in ADA had been stagnant towards the end of May but picked up significantly with the start of June.</p>
<h2 id="why-did-shib-see-a-spike-in-whale-transactions">Why Did SHIB See a Spike in Whale Transactions?</h2>
<p style="text-align: justify">The activities of whales in the SHIB market appear to be tied to the rise of PEPE Coin. Towards the end of May, Shiba Inu’s price dropped, leading to a decrease in whale transactions. However, June saw a reversal, with SHIB’s price nearly doubling the number of whale transactions from May 31 to June 6, despite an 11% drop later on. This trend suggests that whales might have started selling off as Bitcoin’s price dipped below $69,000.</p>
<h2 id="jasmy-coin-s-remarkable-performance">JASMY Coin’s Remarkable Performance</h2>
<p style="text-align: justify">JASMY Coin has been under the spotlight for potential volatility. Analysts’ expectations were met when its price soared by 48% after May 31, nearing its all-time high of $0.0425. This increase coincided with Bitcoin’s value remaining above $71,000, where 98.37% of investors were in profitable positions, facilitating profit-taking amid market downturns.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Monitor whale activity in specific altcoins like ADA, SHIB, and JASMY for potential investment opportunities.</li>
 <li>Be aware of market signals, such as significant U.S. financial data releases, which can trigger volatility.</li>
 <li>Consider the potential for profit-taking during market declines and plan entry points accordingly.</li>
 <li>Stay informed about broader market trends, including Bitcoin’s price movements, as they can influence altcoin strategies.</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">The accumulation of altcoins by whales before significant market drops highlights the strategic moves within the cryptocurrency market. Investors might benefit from observing these patterns to make informed decisions. The upcoming ETF data release could further impact market dynamics, emphasizing the importance of staying vigilant in a fluctuating market environment.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whales-buy-altcoins-before-market-plunge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Buy Altcoins Before Market Plunge</a></h5>

Whales Buy Altcoins Before Market Plunge

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