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.
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.
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.
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Source: https://dailyhodl.com/2022/03/03/dogecoin-competitor-shiba-inu-and-ethereum-rival-cardano-witness-massive-whale-transfers-in-24-hour-period/