A widely followed crypto analyst is highlighting whale activity surrounding popular crypto assets such as Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP during this week’s market dip.
In a new thread on the social media platform X, crypto strategist Ali Martinez tells his 98,300 followers that deep-pocketed investors have loaded up on smart contract platform Cardano during the last two days.
“Cardano whales bought over 80 million ADA in the last 48 hours!”
Cardano is trading for $1.14 at time of writing, a 6.22% decrease during the last 24 hours.
Moving on to the dog-themed meme asset Dogecoin, Martinez notes that whales holding between 10 million and 100 million DOGE bought a staggering 210 million tokens during the digital asset’s latest correction earlier this week.
Dogecoin is trading for $0.402 at time of writing, a 4.7% decrease on the day.
Going to the top crypto asset by market cap, Martinez says that high-net-worth BTC investors are taking every dip as an opportunity to load up.
“Bitcoin whales are buying every dip! In fact, 342 wallets with over 100 BTC were created as prices dropped from $104,000 to $90,000.”
The flagship digital asset is valued at $99,121 at time of writing, a 1.2% decrease during the last 24 hours.
Concluding with XRP, the digital asset associated with payments platform Ripple, Martinez notes that wallets holding between 1 million and 10 million XRP gobbled up the asset during its latest dips.
“In the recent dip, whales bought over 100 million XRP!”
XRP is moving for $2.43 at time of writing, a 5% dip on the day.
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The post Whales Accumulate Bitcoin, Dogecoin, Cardano and One Other Altcoin Amid Brief Market Dip This Week, Says Analyst appeared first on The Daily Hodl.
