Crypto Whales Make Major Moves on These Two Altcoins

A blockchain analyst reports that major investors have been quietly amassing large quantities of two altcoins remained stagnant over the past week.

Ali Martinez noted that whales recently acquired approximately $85.6 million worth of Cardano (ADA) in a span of just 48 hours. This equates to over 80 million ADA tokens purchased within that timeframe. At the current price of $1.07 per ADA, the scale of these transactions underscores significant interest in the asset.

Similarly, Martinez highlighted that high-net-worth investors also added $64 million worth of Dogecoin (DOGE) to their portfolios in just 24 hours, translating to 160 million DOGE tokens purchased while the asset was trading at $0.40.

Altogether, whales funneled nearly $150 million into ADA and DOGE within a mere two days, signaling a potential strategic accumulation during the market’s lull.

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Shifting focus to Bitcoin, Martinez examined the cryptocurrency’s In/Out of the Money Around Price (IOMAP) metric, which assesses wallet profitability to identify key support and resistance zones. He pointed out that Bitcoin is currently supported by a robust base of buyers between $94,300 and $100,250.

Within this range, more than 2.18 million BTC were acquired by 2.25 million wallets, creating a strong foundation for price stability.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.