Veteran on-chain analyst @LookOnChain identified a series of eight-figure transfers from wallets formerly associated with Cardano, Solana and Polygon treasuries sending new USDC to the same early-stage wallet.
The trend has been contentious: when the largest holders in Cardano, Solana set sights on a micro-cap called Remittix (RTX), the remainder of the market follows.
Why Cardano, Solana Capital Is Circulating
Solana whales have good reasons to diversify. Cardano native token ADA just fell to around $0.7069 after exchange volumes fell by 33 percent, but fundamentals are looking stronger than ever.
Stable-coin staking protocol Minataur is entering audit and Begin Wallet’s collaboration with Liquid Labs now provides up to 21 percent APY on USDA and USDC a sure draw for deep-pocketed yield chasers.
Solana’s price action is no different. SOL is sitting at about $148 with volumes 27 percent off as…
