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ADA and FET see increased whale transactions: What’s going on?

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Fetch AI [FET] and Cardano [ADA] have drawn significant attention from whales in recent weeks, as both assets have seen increased transactions.Read Cardano’s [ADA] Price Prediction 2023-24 There has been a sudden uptick in activity on the “whale transactions” metric on Santiment, defined as those over $100,000.

A metric review revealed that there had been scant activity in the months prior but that February has seen a string of increases in whale transactions for Cardano.

There have been approximately 634 whale transactions as of this writing.Source: Santiment Whale transactions have also been occurring at respectable rates recently on Fetch AI.

In contrast to ADA, whose whale transaction counts have been continuous, FET’s chart has been experiencing a few spikes. However, in the instance of FET, the significant surges in whale transactions began in January and have persisted ever since.

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