Cardano Sharks & Whales Quietly Accumulate 819M ADA Amid Price Decline
On-chain data shows the Cardano sharks and whales have quietly been accumulating the asset even as the price has gone through a drawdown. Cardano Sharks & Whales Have Increased Supply Share By 1.6% In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the supply of the Cardano sharks and whales. The indicator of interest here is the “Supply Distribution,” which tells us about the amount of the ADA circulating supply that’s held by a given wallet group. Related Reading: Bitcoin Yet To See Meaningful Capital Return, Glassnode Says....
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ADA accumulation occurs despite a technical outlook threatening a 35% price crash by September 2022. The decline in Cardano (ADA) price this year has prompted some of its richest investors to accumulate the token.Cardano sharks in buying spreeNotably, addresses holding between 10,000 and 100,000 ADA, also called "sharks," have added 79.1 million tokens (~ $37.7 million as of July 9) to their reserves since June 9, according to data from Santiment. Cardano shark addresses. Source: SantimentMeanwhile, Cardano "whales" that hold between 100,000 and 1 million ADA have stopped selling.Holding a....
On-chain data shows Bitcoin sharks and whales have observed their population grow during the recent market downturn, while retail has capitulated. Bitcoin Sharks & Whales Have Been Growing In Number Recently In a new post on X, on-chain analytics firm Santiment has talked about the latest trend in the Supply Distribution of the key Bitcoin […]
On-chain data shows the Bitcoin sharks and whales have continued to hold strong despite the asset’s price surge. Bitcoin Sharks & Whales Have Been Increasing Their Holdings Recently According to data from the on-chain analytics firm Santiment, the BTC sharks and whales have been participating in accumulation during the past month. The indicator of relevance […]
On-chain data shows the Bitcoin sharks and whales have been accumulating during the latest price decline, a sign that could be bullish for the asset. Bitcoin Sharks & Whales Have Bought Over 20,000 BTC In This Dip In a new post on X, on-chain analytics firm Santiment has shared how some of Bitcoin’s key investors have been reacting to the latest volatility in the cryptocurrency’s price. Related Reading: Ethereum Plunges 10% After Smashing Into This Historical Barrier The holders in question are those carrying a wallet balance in the range of 10 to 10,000 BTC. At the current....
The XRP price has seen a sharp rally of over 39% in the past week as on-chain data shows the sharks and whales have been busy accumulating. XRP Sharks & Whales Now Carry Over 85% Of The Entire Supply According to data from the on-chain analytics firm Santiment, large XRP investors have been participating in buying for a while now. The indicator of relevance here is the “Supply Distribution,” which keeps track of the total amount of supply that a particular wallet group is currently holding. Related Reading: Bitcoin Bullish Signal: NVT Golden Cross Suggests BTC Oversold The....