It’s the first few days of another year, and as usual, investors are eager to know which cryptocurrencies whales are buying. As expected, the big players, known for their ability to significantly influence the market, are already making strategic moves that could set the tone for 2025.
According to BeInCrypto’s findings, these whales are accumulating established tokens. They also appear to be targeting undervalued altcoins with growth potential. That said, these are the top cryptocurrencies that whales are buying for potential gains in January.
Hyperliquid (HYPE)
At the top of this month's list is HYPE, the hyperliquid decentralized exchange's native token. Over the past 90 days, HYPE's price has increased by almost 600%, making it one of the best-performing altcoins in the top 100.
However, in the past 24 hours, the token has dropped by almost 15%. This suggests that the token may have provided an unexpected “buy the dip” opportunity. Following the drop, data from Spot On Chain shows that crypto whales took the chance to acquire HYPE in large volumes.
According to the on-chain data provider, one whale purchased 151,277 HYPE on Jan. 2. On the same day, another crypto whale purchased $2.76 million worth of the altcoin, with a third acquiring 37,017 HYPE.
Hyperliquid Whale Accumulation. Source: Spot On Chain
If this type of accumulation continues this month, then HYPE price will likely recover from recent lows. However, traders may need to be careful. If the whales decide to stop accumulating, a significant increase may not happen.
Cardano (ADA)
Second on the list of what whales are buying is ADA, whose price increased by 12.04% in 24 hours while trading at $1.04. As of December 30, 2024, the number of ADA held by addresses with 100 million to 1 billion tokens in their wallets was 3.28 billion.
Today (3), the number increased to 3.30 billion, indicating that crypto whales have accumulated around 20 million ADA over the past four days. Historically, an accumulation like this is a bullish sign, suggesting that the altcoin could see further price acceleration before the end of January 2025.
Cardano Address Balance. Source: Santiment
However, if selling pressure overcomes these purchases, things could change, and Cardano price could fall below $1.
XRP (XRP)
XRP’s inclusion as a crypto whale favorite may come as no surprise to market observers. On several occasions, these prominent players have decided to continue buying the token regardless of price action. Due to consistent buying, the price of the third most valuable cryptocurrency by market cap has surged 350% in the last 90 days.
According to Santiment, different groups of XRP holders decided to buy the altcoin for potential gains in January 2025. For example, addresses holding between 1 million and 10 million tokens increased their holdings from 5.05 billion to 5.13 billion.
Since December 29, 2024, those holding between 100 million and 1 billion XRP have increased their balance from 9.42 billion to 9.72 billion. In total, crypto whales have purchased 380 million tokens valued at $912 million.
XRP Address Balance. Source: Santiment
With this buying pressure, the price of XRP is likely to surpass $3 before the end of this month. However, if whales start selling, this prediction may not come true.
The article Cryptocurrencies that whales are buying to profit in January appeared first on BeInCrypto Brasil.
