In addition to storing digital assets, crypto wallets narrate stories about events or trends in the cryptocurrency market. There are more interesting stories that stories told by the wallet of big participants – whales. Keeping an eye on the transactions of these addresses can lead to insight into market conditions, as they are as an act as signs of future trends. For example, the biggest cryptocurrency whales – atherium and cardano – at this time seem tally stories –
Diving Path – ETHs slowly go out, while the giants enter
In a recent post on X, social media platforms, Alfractal CEOs and founder Joao Wesson shared on-chain inasos intos in increasing deviations in the activities of Etharium and Cardano whales.
The relevant indicators here are ETH and ADA Large Holder Share Top 100 Matrix, tracking the percentage of the total supply of atherium and cardano that conduct the top long long wallets. This metric especially uses in finding out whether major holders are accumulating or distributed their coins.
Source: @joao_wedson on X
In the post on X, Wedson depicted that the top 100 holders of the ether tokens are reducing their holdings. The analyst reported that since May, his share of the atherium supplement is about 19.6% from 22%. This means that the holding of large investors during that period has reduced by 2.9 million ETHs.
Source: @joao_wedson on X
On the other hand, Vedson highlighted that the top 100 holders of the ADA are “day by day.” He explained that confident signal in tokens and couchs is a sign that there is a strategic position in the anti -cycling of rapid future rallies.
What is this meaning curl?
Crypto Pandit said that these big addresses are associated with exchanges, but it does not take the fact that Cardano seems more in this case. ,From this point of view, Cardano currently looks more attractive depending on the behavior of the big player, “Vedson said.
What is the main advice, Vedson resumed
At the press time, “King of AltCoins”, Etreum is worth about $ 3,766, which reflects an investment of 0.6% in the last 24 hours. Account to COINGCKO data, the price of Eth is a slightly more impressive performance in the last week.
On the other hand, the price of Cardano is $ 0.8297, which reflects a jump of only 0.6% in the last 24 hours. The 7-day action of the ADA was also impressive, with about 1.5% loss of value of the week ended.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Specially displayed image from UNSPLASH, chart from tradingview
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