New data reveals that whales were busy accumulating altcoins before the recent market drop. This move came before Bitcoin's price plummeted by over $2,000, and even gold suffered a 3% loss. So, which altcoins were whales stockpiling before the volatility hit?

Cardano (ADA) tops the list, according to Santiment data. Whales were snapping up ADA coins, driving up prices and transactions over $100,000. Despite a stagnant period in late May, whale activity surged in early June, leading to a 5% price increase.

Shiba Inu (SHIB) was another altcoin that caught whales' attention. As PEPE Coin rose, SHIB prices followed suit, and whales may have been profiting from the sync. However, as Bitcoin's price fell, whales likely fled, causing an 11% drop in SHIB price.

JASMY Coin was another altcoin that saw significant whale activity. After May 31, its price skyrocketed by 48%, nearing its all-time high. However, as Bitcoin's price dropped, profitable investors may have sold, anticipating a pullback to buy again at a lower cost.

In conclusion, whales were actively accumulating altcoins before the market drop, potentially anticipating a price swing. As the market continues to fluctuate, it remains to be seen whether this move will pay off or lead to a bigger downturn.