Shiba Inu Whale Activity Crashes, But Cardano Volume Jumps 90%, What’s Going On?

Shiba Inu (SHIB) whale activity recently crashed significantly. Meanwhile, Cardano (ADA) witnessed a 90% jump in its trading volume. This suggests that crypto investors may be rotating their capital to undervalued coins. ETFSwap (ETFS) looks to be on these investors’ radar, seeing the recent massive buying the crypto token has recorded. 

Shiba Inu (SHIB) And Cardano’s (ADA) Market Dynamics Might Be Connected

Data from the on-chain analytics platform IntoTheBlock shows that Shiba Inu (SHIB) whale transactions have declined by over 15%. This development suggests that crypto whales currently have a bearish sentiment toward the meme coin and are looking to invest in other crypto tokens. 

Interestingly, the 90% jump in Cardano’s (ADA) trading volume came following the decline in Shiba Inu (SHIB) whale activity, meaning that these whales may have likely rotated their capital to the former. This is a huge possibility, considering crypto analyst Ali Martinez recently gave these whales a reason to invest in Cardano (ADA).

Martinez mentioned in an X (formerly Twitter) post that “the 50% drop that Cardano (ADA) faced in the past month could be a golden opportunity.” The analyst further revealed that Cardano (ADA) was exhibiting a similar price action to 2019, when it saw a price gain of over 4,000%. 

The crypto analyst claimed that Cardano (ADA) consolidated within a parallel channel back then before experiencing a 75% price surge. It then saw a 56% price correction, which ultimately set the stage for it to make that 4,000% price gain. 

Similarly, Cardano (ADA) has again consolidated within a parallel channel this year. The crypto token has also experienced a 72% price surge following this period of stagnation. More recently, Cardano (ADA) underwent a 50% price correction, which Martinez claims is “setting the stage for an impressive bull run ahead.” 

The crypto analyst looked almost sure that this bull run for Cardano (ADA) would come, noting that “history doesn’t repeat itself, but it often rhymes.

Another reason why these whales may be looking to rotate their capital from Shiba Inu (SHIB) to Cardano (ADA) is that the latter might have exhausted most of its bullish momentum in this bull run with its year-to-date (YTD) gain of over 100%. On the other hand, Cardano (ADA) looks to be only getting started since it has not made a significant move since the year began. 

ETFSwap (ETFS) Also Has This Whale’s Attention

ETFSwap (ETFS) is another token that has caught the attention of crypto whales, and over 60 million tokens were bought by these whales in the past week in stage 1 of the token’s ongoing presale. Unlike Cardano (ADA) and Shiba Inu (SHIB), ETFSwap (ETFS) has already made significant moves, ranking up there with the best-performing crypto assets this year. 

However, crypto experts insist that ETFSwap (ETFS) is still very much undervalued. They state that it can rise to as high as $20 in this bull run, a 200,000% price gain from its current price of  $0.00854. This has convinced these whales to invest even more funds in the ETFSwap (ETFS) presale since no other crypto can provide such massive returns on their investment.  

The narrative behind ETFSwap’s (ETFS) predicted parabolic rise is straightforward. It is the native token of ETFSwap, a Real World Assets (RWA) platform that will enable the tokenization and on-chain trading of exchange-traded funds (ETFs). Therefore, with asset tokenization set to become a trillion-dollar market, millions of dollars will likely flow into ETFSwap through its ETFS token, causing the token’s price to skyrocket exponentially. 

Given ETFSwap’s potential, investing in the crypto token in stage 1 of its ongoing token presale seems like a no-brainer. The token’s price is expected to double in stage 2 of the token presale. 

That means buying the crypto token in this presale stage is the only option investors have if they intend to make maximum gains from ETFSwap’s (ETFS) 200,000% potential price surge. 

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.