Bitcoin has skyrocketed, and the giant whale is about to account for 70,000 again, and the giant whale is hoarding some copycats. Can it seize the bull market opportunity again?
The crypto market is showing new trends, and some currencies have attracted close attention from cryptocurrency giants despite significant declines during the year.
Arbitrum (ARB) is a typical representative. Despite falling 57.5% year-to-date, its current price remains at $0.73. According to data from IntoTheBlock, the net flow of large Arbitrum accounts has surged by 87% in the past seven days, showing the strong interest of large holders in the currency. Giants are bullish on its potential for price recovery after a sharp drop, as well as growing institutional interest and adoption.
XRP is also favored by large holders. According to Santiment data, the number of addresses holding between 100 million and 1 billion XRP tokens has increased since July 23, with the supply rising from 38% to 40%. This change demonstrates the growing confidence of large investors in XRP. Currently, the price of XRP is $0.60. The main reasons why giants are interested in it include positive market sentiment, the potential for regulatory clarity and significant accumulation of holdings by large investors.
Ondo has also attracted a lot of attention from cryptocurrency giants. Although its price is down 33% from its all-time high, the current price of $1 is still considered a discount. Data from IntoTheBlock shows Ondo has seen high levels of institutional interaction and adoption in recent months. The giants are bullish on its perceived undervaluation and potential for price recovery, as well as strong institutional interest and continued adoption.
Cardano (ADA) is also showing a strong bullish trend. Inflows from large holders surged 10,878% in one day, surpassing the $5 billion mark. Currently, the price of ADA is $0.42, up 31% from the low of $0.31 on July 5. The reasons why giants are interested in it mainly include that the price has great potential for recovery and that large holders are accumulating more ADA in anticipation of a full recovery.