Whales have been collecting massive amounts of Cardano (ADA), Dogecoin (DOGE), and Polygon (MATIC) in recent days despite a market-wide sell-off.
In addition, the top crypto tokens Shiba Inu (SHIB) during the Shibarium beta launch and MATIC have witnessed increased whale activity due to increasing NFT support.
Whales buy Cardano, Dogecoin and MATIC tokens
Whale Alert on Thursday reported two huge transactions from MATIC. A single whale moved 38,000,000 MATIC tokens in two transactions totaling more than $50 million. In fact, MATIC has become the third largest crypto holding company of the top 500 ETH whales.
The price of Polygon (MATIC) is still in an uptrend, rising by almost 10% in a week. The price is currently trading at $1.33, up 2% in the last 24 hours from a low of $1.24.
According to WhaleStats, ADA is the most traded token in the top 100 BSC whales in the past 24 hours. It is also the most used smart contract for the top 1000 largest BSC whales.
On Wednesday, on-chain data from Santiment revealed that Cardano whale numbers will soar in 2023, with more than $100,000 transactions rising for the first time since May last year.
The price of Cardano (ADA) is up 65% in 2023. In the past 24 hours, the price of ADA is down more than 2%, with the current price standing at $0.38.
Meanwhile, Dogecoin is holding a mind contest for Cardano in whale activity. Dogecoin (DOGE) turned around Cardano for the most traded token in the top 100 BSC whales in the past 24 hours. Dogecoin Whale Alert reported at least more than 20 transactions with cumulative movement of more than 200,000 DOGE in the past 24 hours.
Rekt Capital reported on Tuesday that the price of Dogecoin (DOGE) has broken out of its “falling wedge” pattern in the weekly timeframe, indicating a likely move above $0.1 in the coming weeks. Currently, DOGE price is consolidating near $0.09, down 4% in the last 24 hours.
Also Read: Bitcoin Price Fails To Price In “Golden Cross”, Is The Next Drop To $20,000?
Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for quite some time and is currently covering all the latest updates and developments in the crypto industry.
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This post Top Crypto Whales Buying Cardano, Dogecoin, Polygon (MATIC).
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