Cardano, HEX Fail to Rally Post Whale Activity, But SHIB Does, Why?
According to Santiment, the cryptocurrency analysis firm, Hex (HEX) and Cardano (ADA) are seeing a rise in whale activity. Santiment noted that transactions over $100k are historically associated with upcoming price shifts. However, both HEX and ADA have failed to rally following the whale activity spike. Alongside the former assets, Shiba Inu witnessed increased whale activity as well. SHIB, however, has rallied 19.3% in the seven-day chart. 🐳 Three of the more polarizing assets in #crypto, #Cardano, #ShibaInu, and #Hex, are seeing big spikes in large whale transactions. When $100k+ transactions spike on a network, it historically is associated with upcoming price shifts. Monitor closely. 👀 https://t.co/KG0mTWH11y pic.twitter.com/PHI9NOaxbn — Santiment (@santimentfeed) February 5, 2023 In the last 24 hours, Cardano ( ADA ) has fallen 2.4%, while HEX has fallen 5.7%. The lack of any positive price movements for both projects is surprising, given their hi...