😱🚀Crypto Whales Bought These Altcoins in the First Week of August 2024🔥🐋
Crypto whales scooped up a lot of $XRP , helping the market cap jump by 23% in one day on August 7. Before the recent fall, wallets holding between 1 million and 10 million XRP owned $4.42 billion worth of the token. This value accounted for 7.06 billion coins.
However, this is not the only cohort that experienced a surge in their balance. According to Santiment, the balance of addresses hodling 100 million to a billion tokens increased and now accounts for 15% of the total supply.
Following the development and the judgment per the SEC case, XRP’s price jumped and reached a weekly peak of $0,65. However, at press time, the token’s value had decreased to $0.58.
Cardano may be a surprise entry this week, mainly because of the underwhelming price action. At press time, #ADA is trading at $0.34.
However, crypto whales seem to view the recent decline as an opportunity to buy the dip. Based on data from Santiment, the balance of addresses holding 1 million to 10 million tokens has increased and now holds over 16% of the total ADA supply.
From what appears, whales may continue to seize the opportunity to buy lower. If this happens, ADA could experience a rally.
