Despite a cautious market mood, Cardano whales have stirred fresh optimism by adding significant amounts of ADA to their holdings. On-chain data shows millions of dollars’ worth of buys, a signal of strong long-term confidence. Analysts believe this wave of accumulation could lay the groundwork for an ADA rally heading into Q4 2024.
Meanwhile, traders are also eyeing Ethereum and Shiba Inu for similar trends. In the background, MAGACOIN FINANCE is quietly gaining momentum as an altcoin many see as poised to outperform.
Whale Accumulation Signals Confidence in ADA
Cardano whales have been busy, snapping up nearly 150 million ADA in just two weeks. Some days saw buys as high as 100 million tokens, underscoring renewed confidence.
Wallets with over a million ADA now hold more than 10% of supply, and about $170 million ADA has been moved off exchanges—reducing sell pressure and pointing to long-term conviction.
ADA is steady around $0.86–$0.88, with $0.85 holding as key support. A clean break above $1.00 could spark a move toward $1.50 soon, while continued whale activity leaves room for a climb above $3.00 over the next year.
Ethereum—Institutional Flows Bolster Momentum
Ethereum remains in control as institutional demand accelerates. Spot ETFs now manage over $23 billion in ETH, while corporate treasuries have tripled their holdings since June. The token set a new peak at $4,953 this month before easing back toward $4,600.
Looking ahead, the Fusaka upgrade in November is seen as a major catalyst. By boosting scalability and validator efficiency, it could reinforce Ethereum’s role as the backbone of DeFi and tokenized assets. Analysts expect price targets in the $4,700–$5,500 range for September–October, though short-term volatility is likely.
Shiba Inu—Golden Cross Fuels Speculation
Shiba Inu just printed its first golden cross of 2025, a bullish technical signal. After stabilizing near $0.0000122, SHIB is positioned for a potential move toward $0.0000150 if volume increases.
Governance upgrades and Shibarium’s rollout are expanding its DeFi use cases, with whale activity also supporting sentiment.
MAGACOIN FINANCE—Emerging Momentum Play
MAGACOIN FINANCE has emerged as a speculative play with the traction of established coins such as ADA, ETH, and SHIB. The project is gaining momentum, as investors accumulate it as a strategic token to hold before 2025 Q4.
Despite the bearish mood in the market, the surge of demand for MAGACOIN FINANCE remains high. Market watchers say the project’s timing, coupled with its community-driven momentum, is what makes it a standout. With prices still low, investors who get in early may see the returns early investors in SHIB and DOGE made.
Bottom Line
Cardano whales’ ADA accumulation signals high conviction in the blockchain. Should the current momentum persist, they could lay the foundation for subsequent bull runs. Meanwhile, ETH and SHIB show signs of joining the rally.
Beyond the big names, MAGACOIN FINANCE remains the project to watch. As the project gains more traction, more investors are bound to pick it as the next breakout contender.
To learn more about MAGACOIN FINANCE, visit:
Website: https://magacoinfinance.com
Twitter/X: https://x.com/magacoinfinance
Telegram: https://t.me/magacoinfinance
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
