Shiba Inu whales accumulated near $0.0000071, signaling a possible wedge breakout. Pendle whales added about $6.3 million as RSI divergence points toward a move to $2.08. Cardano whales bought nearly 300 million ADA, indicating divergence that points to a rebound toward $0.36.
Pendle is another token that crypto whales in February appear to be positioning around, despite recent price weakness. The token is down about 6% in the past 24 hours and nearly 5.2% over the past month, reflecting broader weakness in DeFi and yield-focused assets. On-chain data shows large holders increased their PENDLE holdings from 181.54 million on January 27 to 184.81 million, an addition of 3.27 million tokens worth roughly $6.3 million at current prices. On the 12-hour chart, PENDLE shows early bullish divergence, with a lower price low and a higher RSI low; for the setup to remain valid, the current 12-hour candle must hold above $1.78.
Cardano has suddenly appeared on whales’ radar heading into February, driven by sharp accumulation across two major holder groups. Wallets holding 1 billion ADA or more rose from about 2.93 billion to 3.18 billion ADA, while the 100 million to 1 billion ADA cohort rose from 2.55 billion to 2.60 billion ADA. Together, these two groups added nearly 300 million ADA in 48 hours, signaling a coordinated shift in positioning. ADA remains near $0.32 after a roughly 6% dip in the last 24 hours and about 7.2% over the past month, with a bullish case hinging on a bullish divergence—the next candle must stay above $0.31 to confirm.
Leave a Reply