The past 24 hours have seen a surge in activity among institutional investors and wealthy individuals, nicknamed “whales.” According to recent data, these major players are taking advantage of the correction to buy Bitcoin (BTC), Cardano (ADA), XRP, and Dogecoin (DOGE) on a massive scale. $BTC
Ali Martinez, a well-known cryptocurrency analyst, reported that the large transactions in these assets show a clear strategy: with every drop, buy more. This trend reflects the continued confidence in the long-term potential of cryptocurrencies, despite short-term volatility.
Bitcoin, still considered the digital gold standard, continues to attract large portfolios. While its price has already reached an all-time high of $101,000, these investors see it as a strategic opportunity, signaling a potential recovery.🔥
Cardano (ADA) is notable for its whale activity. In fact, they have accumulated over 80 million ADA tokens over the past two days. Despite the 6.22% price drop to $1.14 per token, this accumulation reflects confidence in Cardano’s long-term plans, including its smart contracts and interoperability initiatives.
For its part, XRP is benefiting from renewed interest. Wallets holding between 1 and 10 million tokens bought over 100 million units during the decline. XRP, which has been plagued by legal disputes for years, appears to be recovering as concerns over SEC actions ease since Trump’s re-election in the US.
Finally, Dogecoin (DOGE), despite its volatile nature, remains a target for whales. Martinez notes that around 210 million DOGE were recently acquired by investors who owned between 10 and 100 million tokens. With a current price of $0.402, whales are showing continued confidence in the token, often driven by community trends.