Currencies32920
Market Cap$ 2.64T+0.09%
24h Spot Volume$ 123.03B+136.3%
DominanceBTC59.28%-0.12%ETH7.17%-0.65%
ETH Gas1.27 Gwei
Cryptorank
MainNewsXRP & Cardan...

XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally?

XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally?

On-chain data shows that XRP and Cardano whales have been accumulating recently, which can be bullish for the prices of these altcoins.

XRP & Cardano Whales Have Gone On A Buying Spree Recently

As analyst Ali explained in a new post on X, XRP whales have seen their holdings go up over the last couple of weeks. The indicator of relevance here is the “Supply Distribution” from the on-chain analytics firm Santiment, which tells us about the total amount of assets the different market groups hold.

The whale cohort is of interest in the current discussion. These investors hold between 1 million and 10 million XRP in their balance.

At the current exchange rate, these amounts are worth around $0.52 million and $5.2 million, respectively. Clearly, these are pretty significant holdings, which is why whales are considered influential in the market.

Now, here is a chart that shows how the Supply Distribution of the entities belonging to this XRP group has looked like recently:

XRP Whales

The graph shows that while the XRP price has been stuck in consolidation during the last couple of weeks, the whales have been viewing the opportunity as a buying one.

These humongous investors have scooped up over 110 million cryptocurrency tokens (equivalent to almost $57 million) inside this window. This buying scale isn’t particularly massive, but the fact that these investors have been backing the coin through this poor period should be an optimistic sign.

It would also appear that XRP isn’t the only one on the large holders’ radar recently. Market intelligence platform IntoTheBlock revealed in an X post that Cardano has also seen a significant buying push.

Cardano Whales

In the above chart, IntoTheBlock displays the holdings of the Cardano investors, which are between 100 million and 1 billion ADA. This range’s bounds convert to about $45.3 million and $453 million, respectively, so these whales would be much more massive than the XRP ones just discussed.

As is apparent from the graph, these ADA entities have expanded their holdings over the past month. More particularly, their supply has grown by 11% in this period, which, when considering the scale of the total holdings of this group, is an enormous increase.

According to the analytics firm, these Cardano whales now control 6.71% of the entire circulating supply of the cryptocurrency all by themselves.

This latest buying push towards XRP and ADA from the whales simultaneously could be a potential sign that these large entities are expecting an altcoin rally soon. Given that Cardano has seen it happen at a much more significant scale, the coin could likely see better returns than XRP if a surge does happen.

XRP Price

XRP has displayed stale price action recently, as its price has continued to move sideways around the $0.52 level.

XRP Price Chart
Read the article at NewsBTC

Read More

Here Are Downside Price Targets for XRP, Solana (SOL) and Ethereum (ETH), According to Analyst Jason Pizzino

Here Are Downside Price Targets for XRP, Solana (SOL) and Ethereum (ETH), According to Analyst Jason Pizzino

Closely followed crypto analyst Jason Pizzino is warning that XRP and other top altco...
Apr, 07, 2025
2 min read
by The Daily Hodl
XRP Crash, Solana & Cardano Plunge: Is It Time to Buy the Dip? See the Target

XRP Crash, Solana & Cardano Plunge: Is It Time to Buy the Dip? See the Target

XRP’s crash has sent markets tumbling right now, with the Solana’s price dip and Card...
Apr, 07, 2025
2 min read
by Watcher.Guru
MainNewsXRP & Cardan...

XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally?

XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally?

On-chain data shows that XRP and Cardano whales have been accumulating recently, which can be bullish for the prices of these altcoins.

XRP & Cardano Whales Have Gone On A Buying Spree Recently

As analyst Ali explained in a new post on X, XRP whales have seen their holdings go up over the last couple of weeks. The indicator of relevance here is the “Supply Distribution” from the on-chain analytics firm Santiment, which tells us about the total amount of assets the different market groups hold.

The whale cohort is of interest in the current discussion. These investors hold between 1 million and 10 million XRP in their balance.

At the current exchange rate, these amounts are worth around $0.52 million and $5.2 million, respectively. Clearly, these are pretty significant holdings, which is why whales are considered influential in the market.

Now, here is a chart that shows how the Supply Distribution of the entities belonging to this XRP group has looked like recently:

XRP Whales

The graph shows that while the XRP price has been stuck in consolidation during the last couple of weeks, the whales have been viewing the opportunity as a buying one.

These humongous investors have scooped up over 110 million cryptocurrency tokens (equivalent to almost $57 million) inside this window. This buying scale isn’t particularly massive, but the fact that these investors have been backing the coin through this poor period should be an optimistic sign.

It would also appear that XRP isn’t the only one on the large holders’ radar recently. Market intelligence platform IntoTheBlock revealed in an X post that Cardano has also seen a significant buying push.

Cardano Whales

In the above chart, IntoTheBlock displays the holdings of the Cardano investors, which are between 100 million and 1 billion ADA. This range’s bounds convert to about $45.3 million and $453 million, respectively, so these whales would be much more massive than the XRP ones just discussed.

As is apparent from the graph, these ADA entities have expanded their holdings over the past month. More particularly, their supply has grown by 11% in this period, which, when considering the scale of the total holdings of this group, is an enormous increase.

According to the analytics firm, these Cardano whales now control 6.71% of the entire circulating supply of the cryptocurrency all by themselves.

This latest buying push towards XRP and ADA from the whales simultaneously could be a potential sign that these large entities are expecting an altcoin rally soon. Given that Cardano has seen it happen at a much more significant scale, the coin could likely see better returns than XRP if a surge does happen.

XRP Price

XRP has displayed stale price action recently, as its price has continued to move sideways around the $0.52 level.

XRP Price Chart
Read the article at NewsBTC

Read More

Here Are Downside Price Targets for XRP, Solana (SOL) and Ethereum (ETH), According to Analyst Jason Pizzino

Here Are Downside Price Targets for XRP, Solana (SOL) and Ethereum (ETH), According to Analyst Jason Pizzino

Closely followed crypto analyst Jason Pizzino is warning that XRP and other top altco...
Apr, 07, 2025
2 min read
by The Daily Hodl
XRP Crash, Solana & Cardano Plunge: Is It Time to Buy the Dip? See the Target

XRP Crash, Solana & Cardano Plunge: Is It Time to Buy the Dip? See the Target

XRP’s crash has sent markets tumbling right now, with the Solana’s price dip and Card...
Apr, 07, 2025
2 min read
by Watcher.Guru