XRP whales have continued to accumulate more coins following the recent market decline, indicating the cryptocurrency’s potential to rally. Furthermore, the recent performance of XRP and the overall crypto market suggests that investors are starting to re-enter the market after the pause. On the other hand, Ethereum whales have become active again as ETH prices have dropped to $3,100.
Huge Purchases from XRP Coin Whales$XRP
In recent XRP developments, Ripple whales’ recent purchases have caused a huge speculation in the crypto market. According to reports, XRP whales have continued to buy despite the recent crashes in the broader crypto market, providing investors with an opportunity to benefit from the decline. Bitcoin and major altcoins have experienced sharp declines recently, creating dip-buying opportunities for some investors. Renowned crypto analyst Ali Martinez has highlighted the increasing buying trend for XRP. Whales have accumulated 80 million XRP since December 17, following the market’s decline. In addition, large transfers of tokens have fueled speculation in crypto assets.
Donald Trump’s election victory has created an optimistic atmosphere in the crypto market. Trump’s promises to make the US the crypto capital have had a major impact on the crypto world this year, leading to speculation about a potential rally for US-based crypto firms. Ripple is planning to make a significant contribution to Donald Trump’s inauguration. According to FOX Business, Ripple is aiming to donate $5 million for the event, while Coinbase and Kraken each donated $1 million. These developments have raised expectations for a crypto-friendly regulatory environment in the US after Trump takes office on January 20.
Ethereum Whales' New Accumulation Move$ETH
Following the recent declines in Ethereum prices, whales have been accumulating significant ETH, which has seen a brief recovery. Blockchain analytics platform Lookonchain reported that ten newly created wallets have withdrawn a total of 17,698 ETH from Binance, worth $61.66 million. These actions by Ethereum whales indicate the interest of large investors looking to capitalize on the market’s recovery. At the same time, Donald Trump’s DeFi project World Liberty Financial continues to buy ETH. The project has purchased an additional 759 ETH for 2.5 million USDC, bringing the total to 9,587 ETH.
