• Recent on-chain data shows Shiba Inu whale activity has been high, which could lead to increased volatility in the meme coin’s price.
• Cardano (ADA) and Hex (HEX) have also seen high whale activity recently according to data from the on-chain analytics firm Santiment.
• When whales are making a large number of transfers, it can signal that volatility may be imminent for the coin in question.

High Whale Activity for SHIB, ADA, and HEX

Recent on-chain data shows that Shiba Inu whales have been active in trading the asset lately. According to data from the on-chain analytics firm Santiment, not just SHIB, but Cardano (ADA) and Hex (HEX) have also seen high whale activity in the last few days.

What Does This Mean?

The relevant indicator here is the “whale transaction count,” which measures the total number of transfers taking place on the network that involve a movement of coins worth at least $100,000. When this metric is high for any cryptocurrency, it means whales of that particular coin are making a large number of transfers right now. Such a trend shows these humongous holders have an active interest in trading the asset currently. Since these transactions are typically quite large in scale, enough of them together may cause visible ripples on the market. Because of this, a high whale transaction count can signal that volatility may be imminent for the coin in question.

Recent High Values

The value of this metric seems to have been high for all these assets recently according to a chart from Santiment’s Twitter page: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!. The Shiba Inu whale transaction count has shot up recently and has hit its highest value since January 17th while Cardano and Hex seem to have registered their highest values since May 11th and November 6th respectively. This suggests that whales have been quite active with these particular altcoins as well as SHIB lately.

Volatility Ahead?

Since all three assets are observing such an elevation right now it’s possible they may see large price moves soon due to increased activity from their respective whales. Markets with elevated activity from these humongous holders usually go on to observe significant volatility afterwards so traders should keep an eye out for potential price swings ahead if they’re looking at investing or trading with any one of these cryptocurrencies soon..

Conclusion

High whale activity could be signaling an increase in upcoming volatility for Shiba Inu (SHIB), Cardano (ADA) and Hex (HEX). Traders should take note if they’re looking into investing or trading with any one of these cryptos soon as it might lead to significant price movements ahead due to increased activity from their respective whales