Whales Are Buying XRP & Cardano: What This Means for You π
Recent data analysis reveals that whales in the XRP and Cardano communities have been busy accumulating these altcoins, which could have a positive impact on their prices. Find out how these big players are influencing the market and what it could mean for you as an investor.
XRP Whales Boosting Their Holdings π³
Analyst Ali’s recent findings indicate that XRP whales have been increasing their holdings over the past few weeks. The “Supply Distribution” metric from Santiment shows the total assets held by various market groups, with a particular focus on the whale cohort, who hold between 1 million and 10 million XRP each.
- These holdings are valued between $0.52 million to $5.2 million, showcasing their significant influence in the market.
- Charts illustrate the recent Supply Distribution trends within the XRP whale group, suggesting a bullish sentiment.
Cardano Whales Accumulating for a Potential Rally π
On-chain data also reveals that Cardano whales have been actively accumulating ADA, signaling a potential rally in the making. With a larger scale of accumulation compared to XRP, Cardano may be poised for stronger returns if a surge occurs.
XRP Price Stability π
Despite the whale activity, XRP’s price has been stagnant around the $0.52 level, exhibiting minimal price movement recently. This stability may indicate a period of consolidation before any potential price action.
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