Whales Accumulate Billions in XRP and Dogecoin Amid Market Slowdown

Recent data reveals that major crypto investors have poured over $2.5 billion into XRP and Dogecoin (DOGE) within just two days, signaling heightened activity in the market.

Crypto analyst Ali Martinez highlighted this trend, emphasizing the substantial accumulation of these assets by whales.

Martinez noted that whales acquired approximately one billion XRP during this period, a haul valued at $2.54 billion with the asset trading at $2.54. Similarly, Dogecoin saw a surge in demand, with 470 million DOGE purchased at a price of $0.338, bringing the total value to $158.86 million.

Adding to the analysis, Martinez predicted a potential rally for XRP, targeting a price of $10. He pointed out two critical levels for investors to watch: $2.05, tied to an upward trendline, and $2.50, marking a possible breakout.

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Despite these bullish moves, Martinez highlighted a broader trend of declining capital inflows in the crypto market over the past month. Total inflows dropped sharply from $134 billion to $68 billion, reflecting a 49% contraction. This decline underscores a cooling phase in market activity, even as whales continue their strategic acquisitions.

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.