Despite a recent correction in the markets, crypto whales are multiplying their purchases of Bitcoin (BTC), Cardano (ADA), XRP, and Dogecoin (DOGE). This accumulation strategy during periods of decline could herald significant developments in the market.
Intense activity in the crypto market
The last 24 hours have seen an increase in activity among institutional and wealthy individual investors, dubbed 'whales'. According to recent data, these major players are taking advantage of the correction to buy massively Bitcoin (BTC), Cardano (ADA), XRP, and Dogecoin (DOGE).
Ali Martinez, a recognized analyst in the crypto space, reports that the large transactions in these assets show a clear strategy: buy more at each dip. This trend reflects sustained confidence in the long-term potential of cryptocurrencies, despite short-term fluctuations.
Bitcoin, always regarded as the digital gold standard, continues to attract large wallets. Although its price is already at its highest level around $101,000, these investors see it as a strategic opportunity, anticipating a potential rebound.
Cardano, XRP, and Dogecoin in the spotlight
Cardano (ADA) stands out for sustained whale activity. In fact, they have accumulated over 80 million ADA tokens in the last two days. Although the price has retraced by 6.22% to $1.14 per token, this accumulation reflects confidence in Cardano's long-term projects, including its smart contracts and interoperability initiatives.
For its part, XRP is benefiting from a surge of interest. Wallets holding between 1 and 10 million tokens purchased over 100 million units during the drop. Affected for years by legal litigation, XRP seems to be recovering as fears related to SEC actions are fading since Trump's reelection in the United States.
Finally, Dogecoin (DOGE), despite its volatile nature, remains a target for whales. Martinez notes that around 210 million DOGE have been recently acquired by investors holding between 10 and 100 million tokens. With a current price of $0.402, whales show sustained confidence in this token, which is often driven by community trends.
This intense whale activity in various altcoins and Bitcoin could be a warning sign of a new market dynamic. The 'buy-the-dip' strategy seems to be gaining popularity, reinforcing the idea that these investors are preparing their positions for a potential recovery.
However, it is premature to declare a true 'altcoin season'. Macroeconomic indicators, regulatory decisions, and technological developments will play a crucial role in the coming weeks. Cautious investors will be on the lookout for these movements to detect clearer signals.
