Crypto investors with deep pockets have been making some significant moves in the market, with over $2.5 billion worth of XRP and Dogecoin (DOGE) being scooped up in just a short period of time. According to a well-known analyst, whales have been actively accumulating these popular cryptocurrencies.
In a recent thread on the social media platform X, crypto trader Ali Martinez shared with his followers that a substantial amount of XRP had been purchased by whales. He mentioned, “Whales bought roughly one billion XRP in 48 hours.” This activity has caused the price of XRP to rise to $2.54, resulting in the accumulation of $2.54 billion worth of the altcoin.
Moving on to Dogecoin, Martinez reported that whales also acquired a large quantity of the meme-inspired cryptocurrency. He stated, “Whales bought over 470 million Dogecoin DOGE in 48 hours.” With DOGE currently trading at $0.338, the total value of the Dogecoin holdings by these whales amounts to $158.86 million.
In total, the big investors amassed a staggering $2.698 billion worth of XRP and DOGE. Looking ahead, Martinez predicted that XRP could experience a significant price surge in February, outlining possible entry points for investors. He suggested that XRP could reach $10, with potential entry points at $2.05 and $2.50.
The analyst also noted a decline in capital inflows into the crypto market over the past month. He highlighted a 49% decrease in capital inflows, dropping from $134 billion to $68 billion. This trend indicates a shift in investor sentiment and behavior within the market.
As the crypto market continues to evolve, it is essential for investors to stay informed and monitor the latest developments. By subscribing to email alerts and following platforms like X, Facebook, and Telegram, investors can stay ahead of the curve and make informed decisions. Stay tuned for more updates on the crypto market.
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