Crypto Whales Hoarding 4 Coins: SHIB, XRP, SAND and CAKE

Santiment recently tweeted about increasing whale activity in four cryptocurrencies, namely, SHIB, XRP, SAND and CAKE

There was a surge in whale transactions that were considerably higher than past few months

Highest whale activity was witnessed in case of Shiba Inu which saw several $1m+ transactions

This was followed by XRP which saw an increased number of $100k+ transactions

CAKE and SAND also witnessed significant transactions with respect to their smaller market caps

The increased activity can be the result of either fundamental reasons or due to recent price action