In the cryptocurrency market, major investors are demonstrating their strategic investment moves by showing intense buying activity, especially on JasmyCoin (JASMY), XRP and Polygon (POL). The recent accumulations of these whales reflect the expectation of a potential recovery, despite the price corrections experienced in the market as a whole.
“Net flows from large investors indicate strong interest in these altcoins, with JASMY’s recent purchases being over $1.38 million,” according to data from IntoTheBlock.
This article examines the recent accumulation patterns of crypto whales on JasmyCoin, XRP, and Polygon, providing insight into market movements and investor sentiment.
JasmyCoin is known as the “Bitcoin of Japan” and is currently attracting attention from major investors. Despite a 30% loss in value in the last week, whale investments in this altcoin reflect confidence in its long-term prospects.
According to IntoTheBlock, net flow from major investors increased by 10.22% to 54.74 million tokens. This increase means that whales have invested around $1.38 million worth of JASMY in total. This strategic move may have created a significant opportunity during the price correction period. Analysts expect the JASMY price to rise to $0.10 if whales’ interest continues. However, the decrease in whale interest may increase the possibility of a new correction in prices.
$XRP
XRP: A Resilient Whale AccumulationXRP is another major altcoin that has been making a strong presence in the cryptocurrency market. Currently ranked fourth by market cap, XRP continues to be an attractive option for large investors. Recent data shows that whale ownership has increased from 4.85 billion XRP to 5 billion XRP, with 150 million tokens purchased in the last week, worth around $327 million. The optimism surrounding XRP is quite high, and market participants predict that XRP could be one of the first to recover in the next market rally. If market sentiment changes positively, it is thought that XRP prices could rise to $3. However, increasing selling pressure could push XRP’s price below $2.
Polygon (POL): Continuing Accumulation Despite Declines$POL
Polygon (POL), previously known as MATIC, has been attracting the attention of crypto whales in recent weeks. Despite a significant 26.29% drop in the past week, Polygon is still gaining the confidence of major investors in its future. Currently, the number of addresses holding between 1 million and 10 million tokens has increased from 310.83 million to 315.94 million, indicating continued interest from whales. If this accumulation trend continues, analysts expect the price for Polygon to rise towards $1. However, a decrease in whale interest could lead to downward pressure on the price.
These developments once again reveal the impact of whale activities on the market.
