WHAT ARE CRYPTO WHALES BUYING?
As altcoin prices struggle to regain their peak, investors are eager to know what crypto whales are buying. In the third week of December 2024, three altcoins emerged as top targets for whale purchases: JasmyCoin (JASMY), XRP, and Polygon (POL).
Here's a closer look at why these assets are attracting significant attention:
JasmyCoin has seen increased whale accumulation despite a 30% decrease in value over the last seven days. According to IntoTheBlock, large holders' netflow increased from 10.22 million to 54.74 million, indicating that crypto whales bought 44.52 million JASMY tokens this week, worth $1.38 million.
XRP: A TOP TARGET FOR WHALES
Ranked as the 4th most valuable cryptocurrency, XRP is again a top target for whales. On December 15, the balance of addresses holding between 1 million and 10 million XRP was $4.85 billion. Today, that number is $5 billion, meaning crypto whales purchased 150 million tokens this week, worth $327 million.
WHAT'S NEXT?
If whales continue to accumulate JasmyCoin, the increased demand could propel JASMY's price toward $0.10. However, if whales shift their focus away from JasmyCoin or reduce their interest, the price correction could extend further.
Stay tuned for more updates on the crypto market!#CorePCESignalsShift #BTCNextMove #USUALBullRun #ElSalvadorBTCReserve #USJoblessClaimsFall
