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.

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.