Amidst this week’s market downturn, a renowned crypto analyst is shedding light on whale activity surrounding popular cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP.
In a recent thread on X, crypto strategist Ali Martinez shared with his 98,300 followers that big investors have been accumulating Cardano over the past two days.
“Cardano whales purchased over 80 million ADA in the last 48 hours!”
Cardano is currently priced at $1.14, reflecting a 6.22% decline in the last 24 hours.
Turning to Dogecoin, Martinez highlighted that whales holding between 10 million and 100 million DOGE purchased a substantial 210 million tokens during the recent correction.
At present, Dogecoin is trading at $0.402, marking a 4.7% decrease for the day.
Regarding Bitcoin, the leading cryptocurrency by market cap, Martinez noted that high-net-worth investors are capitalizing on every dip to accumulate more BTC.
“Bitcoin whales are seizing every opportunity to buy the dip! In fact, 342 wallets with over 100 BTC were created as prices dropped from $104,000 to $90,000.”
Bitcoin is currently valued at $99,121, showing a 1.2% decrease in the last 24 hours.
Lastly, focusing on XRP, Martinez highlighted that wallets holding between 1 million and 10 million XRP accumulated the asset during recent price dips.
“Whales purchased over 100 million XRP in the recent dip!”
XRP is trading at $2.43 currently, reflecting a 5% decline for the day.
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