The first 3 days of January 2025 were very exciting, not only because of the movements of the crypto whales, but also because of Elon Musk's tweets, which sparked widespread controversy and gained great attention from followers. Let's see the details.
Bitcoin BTC
There were massive transfers from anonymous wallets to platforms like Binance and Coinbase, which caused the price to fluctuate between $26,000 and $27,500. Many people expected that whales were preparing for a big move in the market, either to sell or buy on a large scale.
Ethereum ETH
Over 100,000 ETH worth over $160 million moved between wallets. The move pushed the price up to $1,700. It is speculated that this could be related to new DeFi projects.
Elon Musk stirs controversy
On the same day, Elon Musk changed his name on his X (formerly Twitter) account to "Kikyus Maximus" and added a new profile picture of "Pepe the Frog", a cartoon character associated with right-wing groups. This move sparked widespread controversy among his followers and the internet.
Ripple XRP
Over 500 million XRP moved between major wallets, fueling speculation that new partnerships are on the way. The move sent the price up 4% to $0.58.
Cardano ADA
ADA saw a huge movement, with over 200 million ADA transferred to exchanges. This caused the price to fluctuate to $0.31.
Solana SOL
More than 2 million SOL were transferred between anonymous wallets, causing the price to fluctuate between $22 and $24. These movements could be a prelude to the launch of new projects on the Solana network.
DOGE
More than 1 billion DOGE were transferred between wallets, which pushed the price up a bit to $0.075. Many people expected that these movements were related to a new promotion for the coin.
Whale movements: As we have seen, the movements of crypto whales cause significant fluctuations in the market, which affects investors’ decisions. Musk’s tweets not only create a buzz, but they also clearly affect the market and public opinion.