🚀🚀What Cryptocurrencies Did Whales Buy This Week? 🚀🚀
Despite the general declines in the crypto market, whales continue to focus on certain digital assets. In the first week of August, cryptocurrencies such as XRP, Ondo (ONDO), and Cardano (ADA) have been the focus of whales. XRP gained 23% on August 7 following the Ripple-SEC lawsuit. Wallets holding 1 million to 10 million XRP hold a total of 7.06 billion coins worth $4.42 billion. In addition, addresses holding 100 million to 1 billion XRP hold 15% of the total supply. However, the XRP price fell 5.85% to $0.5791 after the lawsuit.
Ondo (ONDO) also caught the attention of whales; after the purchases in late July, whales' Net Flow increased by 3000% in early August. This shows that whales are buying more ONDO. ONDO is trading at $0.7665 at press time and had previously risen to $0.82.
Cardano (ADA) has caught the attention of whales. The lack of price action suggests a potential buying opportunity. ADA is currently trading at $0.3472. Whales have used the recent declines as a dip buying opportunity, and it has been observed that addresses holding 1 million to 10 million ADA hold 16% of the total supply.
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