Crypto whales gobble up $2,698,860,000 worth of XRP and Dogecoin (DOGE) in just two days, according to analyst
One analyst who follows closely says wealthy cryptocurrency investors have made over $2.5 billion worth of XRP and Dogecoin (DOGE) in just two days.
In a new post, cryptocurrency trader Ali Martinez He tells His 111,500 followers on social media platform X said whales were making moves to accumulate payments-focused altcoin XRP.
“Whales bought nearly a billion XRP In 48 hours!”
At the time of writing, XRP is trading for $2.54, suggesting that whales have amassed $2.54 billion worth of the third-largest altcoin by market cap.
Moving on to the origin of the famous DOGE meme, Martinez He says Crypto whales devoured massive amounts of dog-themed altcoins over the course of two days.
“Whales bought over 470 million DOGE coins in 48 hours!”
With DOGE trading for $0.338 at the time of writing, the whale’s Dogecoin is now worth $158.86 million.
In total, wealthy investors raised $2.698 billion worth of XRP and DOGE.
Looking at the charts, Martinez predicts that XRP will do just that rocket to a high price in February, noting that the asset has two potential entry points.
“The first is the uptrend line of the flag at $2.05. The second is a breakout outside the flag at $2.50. Regardless of your entry, the target remains $10!”
The crypto strategist continues Note Digital assets have seen lower levels of capital inflows in the last 30 days.
“Capital inflows into the cryptocurrency market have risen from $134 billion to $68 billion over the past month, representing a 49% decline.”
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Featured Image: Shutterstock/Olga Medvedeva
