The widely respected cryptocurrency analyst highlighted whale activity surrounding popular cryptocurrency assets including Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP during this week’s market decline.
Cryptocurrency strategist Ali Martinez told his 98,300 followers in a new thread on social media platform
“Cardano whales bought over 80 million ADA in the last 48 hours!”
Cardano is trading at $1.14 at the time of writing, down 6.22% in the last 24 hours.
Moving on to Dogecoin, a dog-themed meme asset, Martinez points out that whales holding between 10 and 100 million DOGE bought as many as 210 million tokens during the digital asset’s latest correction earlier this week.
Dogecoin is trading at $0.402 as of this writing, down 4.7% on the day.
Martinez says high-net-worth BTC investors who are heading into the top cryptocurrency asset by market capitalization are seizing every drop as an opportunity.
“Bitcoin whales are buying every drop! In fact, as the price fell from $104,000 to $90,000, 342 wallets with over 100 BTC were created.”
The value of the flagship digital asset is $99,121 at the time of writing, down 1.2% over the past 24 hours.
Martinez concludes on XRP, the digital asset associated with payments platform Ripple, noting that wallets holding between 1 million and 10 million XRP have gobbled up assets during the recent downturn.
“During the recent downturn, whales purchased over 100 million XRP!”
XRP is trading at $2.43 at the time of writing, down 5% on the day.
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