Recently, the cryptocurrency market has seen significant activity from so-called "whales" - investors who hold large amounts of cryptocurrencies, whose transactions can affect prices and market dynamics. Below is detailed information on their recent activities:
1. XRP (Ripple):
Accumulation: As of October 2024, investors holding between 10,000 and 1,000,000 XRP tokens have increased their holdings by 2 billion tokens, equivalent to a value of over $1 billion.
2. Cardano (ADA):
High-Value Transactions: In the week to December 18, 2024, there were 687 transactions involving ADA, each exceeding $1 million in value.
Accumulation: Whales holding between 10 and 100 million ADA have accumulated an additional 160 million tokens, increasing their holdings to over 1% of the total ADA supply.
3. Bitcoin (BTC):
Wallet Activity: In April 2024, transfers totaling $1.3 billion in stablecoin USDC to Coinbase were observed, which may indicate preparations for buying BTC or other cryptocurrencies.
Decrease in holdings: October 2022 data shows the number of BTC held by whales has fallen to a three-year low, suggesting a possible redistribution of funds to smaller investors.
4. Solana (SUN):
Investor interest: In October 2024, Solana attracted the attention of whales, which could have contributed to its increase in value.
5. Other ISO 20022 compliant cryptocurrencies:
Price Rise: Cryptocurrencies such as Ripple (XRP), Algorand (ALGO), Stellar (XLM), Quant (QNT), Verge (XVG), XDC Network (XDC), IOTA (MIOTA), and Hedera Hashgraph (HBAR) have seen significant price increases, reaching up to several hundred percent.
Reason: This increase may be related to their compliance with the new ISO 20022 international financial settlement standard, which is set to replace the SWIFT system by November 2025.
6. Tools for tracking whale activity:
Whale Alert: Allows you to monitor large cryptocurrency transactions in real time.
Etherscan: Enables transaction tracking on the Ethereum blockchain, identifying the movements of large amounts of tokens.
Dex Check: Used to analyze transactions on decentralized exchanges, helping to identify large buys or sells.
Observing whale activity provides valuable information on potential market trends and investor sentiment. However, investment decisions should be made based on comprehensive analysis and individual investment strategies.