Whale activity has surged in the last 24 hours, Crypto analyst Ali Martinez has recently observed significant whale activity in major cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP during a market dip. His insights shed light on how deep-pocketed investors are taking advantage of market corrections to accumulate more assets, signaling strong confidence in these digital currencies despite short-term price drops.
Whale investors are buying the dip – should you too? Let’s find out.
Cardano Whales are Charged with a Strong Comeback
Cardano (ADA) has seen impressive growth, surging over 100% in the past month. However, it has experienced a near 4% decline in the last week, suggesting some short-term selling pressure. Martinez pointed out that in the last 48 hours, Cardano whales have been particularly active. Over 80 million ADA tokens were purchased during this period, showing that large investors are undeterred by the current 6.22% drop in its price. At $1.14 per token, Cardano remains a key asset for those looking to capitalize on its long-term potential. Whales seem to believe in its smart contract capabilities, continuing to accumulate ADA even amid market fluctuations.
Dogecoin Whales Raising the Bar for Memecoins
In the meme sector, Dogecoin has faced difficulty breaking above the $0.5 mark, despite significant whale activity. However, Martinez noted that investors holding between 10 million and 100 million DOGE tokens bought a massive 210 million DOGE during the recent market correction. Despite a 4.7% decrease in its price, now at $0.402, Dogecoin remains a popular asset for whales who are betting on its future growth, regardless of its volatility.
Finally, XRP, the third largest cryptocurrency took a dip of 5% today and currently trading at $2.43 yet the coin is making some massive moves with significant whale activity. Wallets holding between 1 million and 10 million XRP tokens bought over 100 million XRP during its recent price dip. This suggests that whales are confident in XRP’s future despite its price fluctuations, indicating strong long-term interest in the asset.
Big players are shifting significant amounts—could be a sign of a market shake-up ahead. We will come to know. Interestingly, coins like Cardano and XRP are quite noteworthy, this shows that the fear of the SEC is fading from investors’ minds. Are we expecting an early bell of Altcoin season? Before that watch every dip carefully!
function subscribed_popupmodal(template_id) {
var subcribemodal = document.getElementById(‘subscribe-modal-design’);
if (subcribemodal) {
var modalContent = `
Never Miss a Beat in the Crypto World!
Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now
if (storeCheckedId.length === 0) {
var unsubcribedPopUpmodal =
`
You’ve Unsubscribed Successfully
We’re sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community!
Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community!
`;
let selectedSubscriptionsArray = selectedSubscriptionsString.split(‘,’);
let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(‘_’)[0]);
let subscribedCategoriesString = subscribedCategories.join(‘, ‘);
subscribedmodal.innerHTML = subscribedPopupModal;
if (document.getElementById(‘selectidname’)) {
document.getElementById(‘selectidname’).textContent = subscribedCategoriesString;
}
function closeModal(template_id) {
var modalId = template_id;
var modal = document.querySelector(‘#’ + modalId); // Using querySelector to find the modal
if (Array.isArray(storeallcategory)) {
// Collect all `news_cp_category_row_id` values and remove duplicates
var allCategoryIds = storeallcategory.map(function(item) {
return String(item.news_cp_category_row_id); // Convert IDs to strings
});
var uniqueCategoryIds = Array.from(new Set(allCategoryIds)); // Get unique IDs
// Convert templateId to a string for comparison
var templateIdStr = String(templateId);
// Check if the templateId is NOT found in the unique category IDs
if (!uniqueCategoryIds.includes(templateIdStr)) {
var idNotMatchTounsubscribe = document.getElementById(‘unsubscribe_’ + templateIdStr);
var idNotMatchTosubscribe = document.getElementById(‘subscribe_’ + templateIdStr);
// Check if elements exist before applying display changes
if (idNotMatchTounsubscribe) {
idNotMatchTounsubscribe.style.display = “none”;
}
if (idNotMatchTosubscribe) {
idNotMatchTosubscribe.style.display = “none”;
}
}
} else {
console.log(“storeallcategory is not an array.”);
}
},
error: function(xhr, status, error) {
console.error(“AJAX request failed:”, status, error);
}
});
// Function to get cookies
function getCookie(name) {
let value = “; ” + document.cookie;
let parts = value.split(“; ” + name + “=”);
if (parts.length == 2) return parts.pop().split(“;”).shift();
}
// Get user token from cookies
const userToken = getCookie(‘user_token’);
if (subscribewithoutData === ‘true’ && userToken) {
// Call the modal function with the category ID
subscribed_popupmodal(subscribe_clicked_cat_id);
// Remove the flag and category ID from localStorage
localStorage.removeItem(‘subscribe_without_Login’);
localStorage.removeItem(‘subscribe_clicked_id’);
}
});
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;
var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
} else {
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
}
}
});
}
function updateButtonText(anyActive) {
var subscribeButtonSpan = document.querySelector(‘.subscribe-submit .changeBtnText’);
if (subscribeButtonSpan) {
if (anyActive) {
subscribeButtonSpan.textContent=”Subscribe Now”;
} else {
subscribeButtonSpan.textContent=”Unsubscribe”;
}
}
}
function updateSubscriptionButton() {
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;
var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true; // Set anyActive to true
} else {
item.classList.remove(‘active’); // Remove ‘active’ class if checkbox is unchecked
}
}
});
// Update the button text based on whether any list item has the ‘active’ class
updateButtonText(anyActive);
}
document.addEventListener(‘click’, function(event) {
var clickedItem = event.target.closest(‘.subscription-options li’);
if (clickedItem) {
var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
checkbox.checked = !checkbox.checked;
updateSubscriptionButton();
}
}
});