The crypto market's recent rebound has put some altcoins back on the radar of big whales, who are scooping them up before prices surge. On-chain data reveals that Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) are the top three altcoins witnessing significant whale activity. This sudden interest from big players could be a bullish sign for these coins.

According to Santiment, the number of transactions exceeding $100,000 on these three networks has more than doubled this week, indicating a massive accumulation by whales. This trend is seen as a buy signal, as whales typically buy low and sell high. Cardano whales have been gradually adding ADA to their holdings since April, with a significant spike in accumulation in the past week. Similarly, Shiba Inu whales have been buying up SHIB, with one wallet alone accumulating 37 billion tokens from Binance. JasmyCoin has also seen significant buying from both whales and retail investors.

The price performance of these coins reflects the increased interest. Cardano's price has jumped over 4% this week, while Shiba Inu's price has dipped slightly. JasmyCoin, on the other hand, has rallied over 56% in a week and 100% in a month, before trading sideways after DWF Labs sold some holdings.

In conclusion, the surge in whale activity in Cardano, Shiba Inu, and JasmyCoin suggests a potential bullish phase for these altcoins. As whales continue to accumulate these coins, their prices may follow suit, making them worth keeping an eye on in the coming days.