As the calendar flips to a new year, crypto whales are back at it, making waves and scooping up digital assets like they're on a shopping spree at a crypto Costco. These market movers are renowned for their ability to steer the crypto ship, and their latest acquisitions are setting the tone for 2025.
Hyperliquid (HYPE): Riding the Whale Wave
Hyperliquid (HYPE) leads the pack, the native token of the decentralized perpetual exchange. Despite a recent 15% dip, which might have sent some traders into a mild panic, the whales saw it as a golden opportunity to "buy the dip." In the last 90 days, HYPE has skyrocketed nearly 600%, earning its spot as one of the top-performing altcoins.
Spot On Chain reports that these savvy whales have been busy, with one purchasing a whopping 151,277 HYPE on January 2, while another splurged on $2.76 million worth. If this buying frenzy continues, HYPE's price might just bounce back faster than a rubber ball. But beware, if the whales decide to take a breather, the price might not see the lift-off everyone’s hoping for.
Cardano (ADA): The Whale's Choice
Next up, we've got Cardano (ADA), which has been riding a 12.04% increase in the last 24 hours, trading at 1.04. Crypto whales have quietly added to their ADA stash, with 20 million tokens accumulated over the last four days. Historically, such accumulation is a bullish signal, suggesting ADA might see further gains before January bids us farewell. However, if selling pressure mounts, ADA could slip below the 1 mark, leaving traders with a case of the crypto blues.
XRP: The Whale Darling
XRP remains Whales favorite, with these key players buying up the token like it's going out of style. Over the past 90 days, XRP's price has surged by 350%, proving that the whales' buying strategy is paying off. According to Santiment, addresses holding between 1 million and 10 million XRP have increased their holdings, and those with 100 million to 1 billion XRP have followed suit.
The buying pressure could push XRP's price past the $3 mark before the month is out. But, as always, if the whales decide to cash out, this prediction might not hold water.
HODL Team
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