A widely followed crypto analyst is highlighting whale activity around popular crypto assets like Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA) and XRP during this week’s market dip.
In a new thread on the social media platform X, crypto strategist Ali Martinez says tells its 98,300 followers that investors with deep pockets have loaded onto the smart contract platform Cardano over the past two days.
“Cardano whales purchased over 80 million ADA in the last 48 hours!”
Cardano is trading at $1.14 at the time of writing, down 6.22% over the past 24 hours.
We continue with the dog-themed meme item Dogecoin, Martinez notes that Whales who owned between 10 million and 100 million DOGE bought a whopping 210 million tokens during the latest digital asset correction earlier this week.
Dogecoin is trading at $0.402 at the time of writing, down 4.7% on the day.
Towards the best crypto assets by market cap, Martinez say that wealthy BTC investors use every dip as an opportunity to recharge.
“Bitcoin Whales Buy Every Dip! In fact, 342 wallets containing over 100 BTC were created when prices fell from $104,000 to $90,000.”
The flagship digital asset is valued at $99,121 at the time of writing, down 1.2% in the past 24 hours.
Concluding with XRP, the digital asset associated with payment platform Ripple, Martinez notes that wallets holding between 1 million and 10 million XRP gobbled up the assets during the last dips.
“During the recent dip, whales bought over 100 million XRP!”
XRP is trading at $2.43 at the time of writing, a 5% dip on the day.
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Generated image: Midjourney