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The Daily Hodl 2025-01-13 01:00:34

Crypto Whales Gobble Up $2,698,860,000 Worth of XRP and Dogecoin (DOGE) in Just Two Days, According to Analyst

Crypto Whales Gobble Up $2,698,860,000 Worth of XRP and Dogecoin (DOGE) in Just Two Days, According to Analyst

A closely followed analyst says that deep-pocketed crypto investors have scooped up over $2.5 billion worth of XRP and Dogecoin ( DOGE ) in just a couple of days. In a new thread, crypto trader Ali Martinez tells his 111,500 followers on the social media platform X that whales have been making moves to accumulate payments-focused altcoin XRP. “ Whales bought roughly one billion XRP in 48 hours!”‘ Source: Ali Martinez/X At time of writing, XRP is trading for $2.54, indicating that the whales accumulated $2.54 billion worth of the third-largest altcoin by market cap. Moving on to the popular meme asset DOGE, Martinez says that crypto whales gobbled up massive amounts of the dog-themed altcoin over a two-day period. “Whales bought over 470 million Dogecoin DOGE in 48 hours!” Source: Ali Martinez/X With DOGE trading for $0.338 at time of writing, the whales’ Dogecoin trove is now worth $158.86 million. In total, the deep-pocketed investors accumulated $2.698 billion worth of XRP and DOGE. Looking at the charts, Martinez predicts that XRP will skyrocket to a huge price tag in February, noting that the asset has two potential entry points. “The first is the rising trendline of the pennant, at $2.05. The second is a breakout outside of the pennant, at $2.50. Regardless of your entry, the target remains $10!” Source: Ali Martinez/X The crypto strategist goes on to note that digital assets saw declining levels of capital inflows in the last 30 days. “Capital inflows into the crypto market went from $134 billion to $68 billion over the past month, representing a 49% decline.” Source: Ali Martinez/X Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Olga Medvedeva The post Crypto Whales Gobble Up $2,698,860,000 Worth of XRP and Dogecoin (DOGE) in Just Two Days, According to Analyst appeared first on The Daily Hodl .

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