Whales have been in large numbers over the past few days despite sales in the market. altcoin is accumulating.
As Koinfinans.com reported, whales are accumulating Cardano (ADA), Dogecoin (DOGE) and Polygon (MATIC).
In addition, Polygon (MATIC) noted increased activity of the whales as a result of the Shiba Inu (SHIB) and rising NFT support, with the Shibarium beta launching less.
Two major MATIC trades on Whale Alert Thursday reported. A single whale moved 38,000,000 MATIC tokens in two transactions with a total value of more than $50 million. In fact, MATIC has become the third largest altcoin held by the top 500 ETH whales.
polygon (MATIC) price is still in an uptrend and has increased by about 10% in a week. The price is currently trading at $1.33 and is up 2% over the past 24 hours at $1.24.
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According to WhaleStats, ADA is the most traded token among the top 100 BSC whales in the last 24 hours. It is also the most used smart contract for the 1000 largest BSC whales.
Santiment’s on-chain data on Wednesday revealed that Cardano whale numbers are increasing in 2023, with more than $100,000 in transactions for the first time since May last year.
Cardano (ADA) price increased 65% in 2023. In the past 24 hours, ADA price has dropped over 2% and the current price is trading at $0.38.
Meanwhile, Dogecoin in whale activity cardano in competition for. Dogecoin (DOGE) surpassed Cardano as the most traded token among the top 100 BSC whales in the past 24 hours. Dogecoin Whale Alert has reported at least 20+ transactions in the last 24 hours, with over 200,000 DOGE cumulative movements.
Rekt Capital on Tuesday, dogecoin He reported that (DOGE) price broke out of the “falling wedge” pattern on the weekly timeframe, showing that it could rise above $0.1 in the next few weeks. Currently, DOGE price is consolidating around $0.09, down 4% in the last 24 hours.