- Jasmycoin saw a vast surge in whale activity as prices formed a local high at $0.059.
- While profit-taking was seen, the long-term uptrend might not be ending right away.
Jasmycoin [JASMY] was one of the coins that saw a notable spike in whale transactions over the past week.
In a Santiment Insights post, user Brianq noted that JASMY was among the projects with more than $500 million market cap.
Surging whale activity and the implications
Source: Santiment
Jasmycoin had a 616% increase in whale transactions, classified as $1 million or more. Such a dramatic spike in whale activity could either be profit-taking or massive accumulation, depending on the price movement.
Source: JASMY/USDT on Trad
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Author: Akashnath S
