Here Are 4 Cryptocurrencies Whales Have Been Accumulating During the Dip

A notable crypto market analyst has highlighted significant whale activity involving four major cryptocurrencies during this week’s market slump.

The tokens in focus are Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP, all of which saw substantial accumulation by large investors.

Crypto strategist Ali Martinez shared that Cardano whales have been particularly active, amassing over 80 million ADA in just the last two days.

For Dogecoin, Martinez reported that investors holding between 10 million and 100 million DOGE seized the opportunity during the recent correction, purchasing 210 million DOGE.

READ MORE:

VanEck Makes Price Prediction for Bitcoin, Ethereum, and Solana by 2025

Regarding Bitcoin, Martinez noted that high-net-worth investors are viewing every price drop as a buying opportunity. Over 340 new wallets holding at least 100 BTC were created as the flagship cryptocurrency’s price fell from $104,000 to $90,000.

Finally, XRP also attracted substantial interest during the dip. Wallets containing between 1 million and 10 million XRP accumulated over 100 million tokens during the correction, according to Martinez.

Alexander Zdravkov