A crypto analyst is reporting that large investors (“whales”) are snapping up popular cryptocurrencies during a recent market downturn. According to analyst Ali Martinez, these whales are making significant purchases across several major coins.
Cardano’s Big Buy
Whales scooped up over 80 million Cardano (ADA) tokens in just 48 hours. At the time of writing, ADA is trading at $1.14, down about 6%.
Dogecoin’s Dip Doesn’t Deter Whales
Dogecoin (DOGE) also saw significant whale activity. Investors holding between 10 and 100 million DOGE bought a massive 210 million tokens during a recent price correction. DOGE is currently priced at $0.402, down around 4.7%.
Bitcoin Whales Remain Bullish
Bitcoin (BTC) whales are apparently using the dip as a buying opportunity. Martinez reports the creation of 342 new wallets holding over 100 BTC each as prices fell. BTC is currently trading at $99,121, down slightly by about 1.2%.
XRP Attracts Whale Attention
XRP, the cryptocurrency associated with Ripple, also saw significant whale activity. Whales holding between 1 and 10 million XRP bought over 100 million tokens during the recent dip. XRP is currently priced at $2.43, down about 5%.
Disclaimer: This information is for general knowledge only and does not constitute financial advice. Always do your own research before investing in cryptocurrencies.
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