A closely followed analyst claims that deep crypto investors have picked up more than $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 buy the payments-oriented altcoin XRP. collection.
“Whales bought about a billion XRP in 48 hours!”
At the time of writing, XRP is trading for $2.54, indicating that the whales collected $2.54 billion worth of the third largest altcoin by market cap.
Moving on to the popular meme fund DOGE, Martinez says that crypto whales exchanged a large amount of the dog-themed altcoin over two days.
“Whales bought over 470 million Dogecoin DOGE in 48 hours!”
With DOGE trading for $0.338 at the time of writing, the dogecoin value of whales is now worth $158.86 million.
In total, deep investors collected $2.698 billion worth of XRP and DOGE.
Looking at the charts, Martinez predicts that XRP will go to a big price in February, noting that the asset has two entry points.
“The first is the rising trend of the penny, at $2.05. The second is a break outside the penny, at $2.50. Regardless of your entry, the target is still $10!”
The crypto strategist continues to note that digital assets have seen declining levels of capital inflows over the past 30 days.
“Capital inflows into the crypto market went from $134 billion to $68 billion over the past month, representing a decline of 49%.
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Source: https://dailyhodl.com/2025/01/12/crypto-whales-gobble-up-2698860000-worth-of-xrp-and-dogecoin-doge-in-just-two-days-according-to- analyst/
