Pendle

Cardano

Chainlink

The post <a href="https://coinpedia.org/news/whales-are-rapidly-accumulating-these-two-altcoins/">Whales Are Rapidly Accumulating These Two Altcoins</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
<a href="https://www.youtube.com/watch?v=xQsLDvudD78" target="_blank" rel="noreferrer noopener nofollow">Analyst Altcoin Buzz</a> took to his latest analysis and brought to attention major whale demand for two altcoins and speculated on a potential 130% surge for Cardano in the coming days. He said that Despite the crypto market’s recent decline, two altcoins are experiencing significant whale activity.&nbsp; 
<h2 class="wp-block-heading" id="h-altcoins-seeing-whale-activity">Altcoins Seeing Whale Activity</h2> 
Lookonchain reported that a whale transferred 1.1 million Pendle tokens ($3.8 million) to Binance for sale, while retaining $3.5 million worth of Pendle. This whale’s activity suggests confidence in Pendle’s long-term value. 
Chainlink is another altcoin drawing whale interest. Crypto analyst Ali Martinez said that whales accumulated 6.2 million <a href="https://markets.coinpedia.org/chainlink/" target="_blank" rel="noreferrer noopener">LINK tokens</a> ($76.8 million) in the past week. Chainlink’s recent price dip appears to have prompted a “buy the dip” strategy among large holders. Santiment’s data indicates LINK’s 30-day MVRV is at -11.1%, suggesting the asset is undervalued and potentially poised for a price increase. 
<h3 class="wp-block-heading" id="h-cardano-to-surge-130x">Cardano To Surge 130x?</h3> 
Cardano, known for its scientific and methodical approach, is preparing for a pivotal update: the upcoming Vasil hard fork. This update marks the network’s entry into the Voltaire era. Could this lead to a 130% price surge? Historical trends suggest it’s possible. The <a href="https://markets.coinpedia.org/cardano/" target="_blank" rel="noreferrer noopener">ADA token</a> experienced a similar surge before its last major update in 2021. 
Currently trading at $0.37, ADA has seen a 20% decline over the past month. However, market intelligence platform IntoTheBlock noted that ADA surged by 130% before its 2021 hard fork, jumping from $1.35 to $3.10. The Vasil hard fork, expected to enhance Cardano’s smart contract capabilities and decentralized infrastructure, could potentially drive a similar surge. 
Cardano founder Charles Hoskinson has called this upgrade the most significant in the network’s history. If history repeats itself, ADA’s price could rise from $0.37 to around $0.80 in the coming days. 
Read Also: <a href="https://coinpedia.org/news/bitcoin-price-today-will-btc-price-rebound-or-face-more-declines/" target="_blank" rel="noreferrer noopener">Bitcoin Price Today: Will BTC Price Rebound or Face More Declines?</a>

Whales Are Rapidly Accumulating These Two Altcoins

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