On-chain analyst Ali Martinez reports that large investors are acquiring massive amounts of Cardano (ADA) and popular memecoins as the market remains in a sideways trend.
Whales Purchase Over $85 Million Worth of Cardano (ADA)
According to Martinez, crypto whales accumulated $85.6 million worth of ADA over the past 48 hours, indicating strong confidence in the asset’s future growth.
“Cardano whales bought over 80 million ADA in just 48 hours!”
At the time of writing, ADA is trading at $1.09.
Dogecoin (DOGE) Attracts Large Investors
Martinez also highlights that large capital investors purchased $64 million worth of Dogecoin (DOGE).
“Whales bought another 160 million DOGE in just 24 hours!”
The current price of Dogecoin is around $0.41.
Nearly $150 Million in Two Days
In total, crypto whales accumulated Cardano (ADA) and Dogecoin (DOGE) worth nearly $150 million over the past two days, showcasing increased interest in these assets during a period of market stagnation.
Bitcoin: Analyst Observes Key Support Levels
Martinez also focused on Bitcoin (BTC) and used the In/Out of the Money Around Price (IOMAP) metric. This tool analyzes addresses based on whether they are profitable, neutral, or at a loss to determine key support and resistance levels.
According to Martinez, Bitcoin has strong support in the range of $94,300 to $100,250, where millions of addresses have accumulated a significant amount of BTC.
“Bitcoin stands on top of a major support wall between $94,300 and $100,250, where 2.25 million wallets purchased over 2.18 million BTC.”
At the time of writing, Bitcoin is trading at $105,245.
Conclusion
Crypto whales are showing clear confidence in Cardano (ADA) and Dogecoin (DOGE), having purchased nearly $150 million worth of these assets in just two days. Meanwhile, Bitcoin continues to display strong support around a key price zone, indicating stability and potential for further growth.
#doge⚡ , #CardanoADA , #cryptowhales , #CryptoMarketMoves , #BTC☀
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