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Last week, big investors, often referred to as "whales," showed strong interest in several altcoins by accumulating large amounts of them. Here are the main altcoins that saw significant whale activity:
Ethereum (ETH): During the past month, whales have been buying most of the Ethereum. Now over 57 percent of the outstanding supply is kept in wallets controlling at least 100,000 tokens. A little over 8 percent price climb over the course of the past week, shows that these giant holders are anticipating much more growth next year in the year 2025.
Dogecoin (DOGE): The price of Dogecoin surged by 21% over a week ago. This was a result of more whale activity where the transactions crossing the $100,000 level surged significantly which shows that huge investors are also optimistic about this future.
Cardano (ADA): Whales are also accumulating more Cardano. Within four days, they added 20 million ADA to bring their total holdings to 3.30 billion ADA. The increasing interest in Cardano is a positive development, indicating that the cryptocurrency might be in a bullish trend.
XRP: XRP has remained in favor among whales, as whales have lately bought large sums. The accounts holding between 1 million to 10 million XRP, their balances went up, which resulted in athe ccumulation of some 380 million XRP which is valued to be approximately $912 million.
Hyperliquid (HYPE): The native token of Hyperliquid has been up 600% in the last three months, even catching whale buys even after the token recently dropped. This suggests whales are buying price action to amass more HYPE tokens.
Pepe Coin (PEPE): There has been significant whale activity on Pepe Coin as well. One wallet purchased approximately 337 billion PEPE tokens for around $6.92 million, thereby demonstrating strong confidence in its potential.
These trends signify that crypto whales are strategically focusing on these altcoins. This could lead to increased price movement and greater market confidence as we head into 2025.
