Amidst a sluggish market, crypto whales are making strategic moves, accumulating assets like Ripple （XRP）, Ethereum （ETH）, and Bitcoin （BTC）, anticipating a potential market rally.
Points
- Crypto whales accumulate assets during market dip, including XRP, ETH, and BTC.
- Significant purchases by whales indicate confidence in a market recovery.
- Whale activity suggests a potential rally and highlights strategic investment moves.
- Data shows increased demand for XRP in South Korea and substantial ETH acquisitions.
Despite a recent downturn in the global crypto market, some big players, known as crypto whales, are making strategic moves by accumulating assets in anticipation of a potential market rally. While the market saw a 4% drop in global crypto market cap, these whales are betting on a significant comeback soon.
Ripple （XRP）
Data from Santiment shows that XRP whales bought over 300 million XRP tokens between July 12-15. The number of wallets holding at least 10,000 XRP has reached a six-month high, with 279.4k of these addresses linked to market value increases. This whale activity is driven by FOMO （fear of missing out） and strong demand, particularly in South Korea.
Ethereum （ETH）
A notable Ethereum whale recently bought 2,424 ETH, worth $7.22 million. This whale has purchased 19,436 ETH worth almost $70 million since May, showing confidence in Ethereum’s long-term potential. Despite Ethereum’s ongoing dip, this whale’s track record suggests strategic buying at low points for future profits.
Bitcoin （BTC）
Institutional investors are also active, with MicroStrategy purchasing 169 BTC worth $11.4 million in July, bringing its total holdings to 226,500 BTC. Despite Bitcoin’s decline, the actions of these whales reflect their belief in a possible market reversal.
解説
- Crypto whales’ strategic buying during market dips indicates their confidence in a future rally.
- Significant acquisitions of XRP, ETH, and BTC highlight targeted investments in promising assets.
- Whale activity provides insights into market sentiment and potential future trends.
- Institutional interest, such as MicroStrategy’s BTC purchase, reinforces belief in a market recovery.