The cryptocurrency market has recently witnessed a substantial increase in large-scale transactions on Shiba Inu (SHIB) and Cardano (ADA) tokens, with a significant surge in whale investor activity. Over the past week, the number of large transactions exceeding $100,000 on these networks has more than doubled compared to the average for 2024.

The current figure for such massive transactions stands at 875 for the ADA token and 321 for the SHIB token, indicating a sudden spike in whale interest. This surge in large-scale transactions is primarily attributed to the heightened interest from whale investors, who are known for their significant transactions. The recent activity on these networks suggests that whales are actively buying and selling these tokens, leading to a surge in $100,000+ transactions.

In particular, there has been notable excessive whale activity concerning SHIB. Whales who bought the token super early in 2021 have recently accumulated more than 1.3 trillion Shiba Inu, equivalent to $33.28 million. This significant accumulation of SHIB tokens by whales suggests that they are confident in the token's potential for growth and are willing to hold onto it for the long term.

Despite the surge in large-scale transactions, the prices of ADA and SHIB are currently experiencing a slight downfall, with both of them quoting in red. However, a broader perspective reveals that since the beginning of the week, the price of Shiba Inu and Cardano has increased by 3.8% and 2.5%, respectively, amid the lack of volatility and rapid fluctuations. This could potentially signal that whales are indeed present and are on the buying side.

The recent surge in large-scale transactions on SHIB and ADA tokens suggests that these tokens are gaining popularity among whale investors. The significant accumulation of SHIB tokens by whales and the increase in the price of these tokens over the past week indicate that these tokens have the potential for further growth. As the cryptocurrency market continues to evolve, it will be interesting to see how these tokens perform in the coming weeks and months.