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Ripple, Dogecoin Whales Bought the Dip as XRP, DOGE Prices Soar

TL:DR; Investors with lots of conviction for certain assets tend to utilize deep corrections to stack more of those coins, and this seems to be the case in regards to the two of the largest cryptocurrencies – DOGE and XRP. On-chain data shows that large wallets poured millions into both during the recent market meltdown. The market-wide crash that began in the middle of the business week caught many by surprise, given the billions of dollars worth of liquidations that were evident on a couple of occasions. All crypto assets headed south vigorously, with BTC leading the way by plummeting from over $108,000 on Tuesday to $92,000 on Friday. As it typically happens, the altcoins were not sparred, just the opposite. Dogecoin and Ripple were among the worst-performing assets at one point. The largest meme coin stood north of $0.41 before the correction began but dumped by over 35% to its low on Friday of $0.26. XRP’s price plummet was almost identical as the asset came crashing down from $2.72 on Tuesday to $1.96 – a 28% drop. However, both have bounced off since those lows, with DOGE trading close to $0.34 (30% higher) and XRP at $2.3 ( up by 17% ). On-chain data shared by the popular crypto analyst Ali Martinez shows that whales tracking both assets didn’t sit on the sideline but actually went on an accumulation spree. In Ripple’s case, they stacked up on 80 million tokens since the retracement began on December 17. Whales bought 80 million $XRP since the price correction began on December 17! pic.twitter.com/nakUKEIzYC — Ali (@ali_charts) December 20, 2024 Dogecoin whales also opened up their wallets by accumulating over 250 million DOGE. Such big purchases tend to positively impact the underlying assets’ prices due to the declining immediate sell pressure. Whales bought over 250 million #Dogecoin $DOGE during the recent market dip! pic.twitter.com/qH7JSkkdhK — Ali (@ali_charts) December 21, 2024 The post Ripple, Dogecoin Whales Bought the Dip as XRP, DOGE Prices Soar appeared first on CryptoPotato . ZyCrypto

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Whale Recovers $1.53 Million In PEPE Trades After Months Of Losses

A whale who lost $1.53 million trading PEPE earlier this year has made a remarkable comeback. Over the past nine months, the trader accumulated a staggering 1.42 trillion PEPE at an average price of $0.000009387. However, the whale sold off 650 billion PEPE at a loss. 今年八月交易 $PEPE 亏损 153 万美金的巨鲸终于扳回一城了 过去九个月内他以均价 $0.000009387 建仓了 1.42 万亿枚 PEPE，其中 6500 亿枚已割肉卖出；四小时前又以均价 $0.00002258 充值了 3000 亿枚 PEPE，若卖出将获利 396 万美金，成功弥补此前的亏损 剩余 2633 亿枚仍浮盈 338… https://t.co/n4iGjMjOt2 pic.twitter.com/6RiE3bK6wL — Ai 姨 (@ai_9684xtpa) December 18, 2024 On December 18, the trader re-entered the market, purchasing an additional 300 billion PEPE at $0.00002258 each. If sold at today’s price, the whale would net a profit of $3.96 million, successfully covering the previous losses. Just nine hours ago, this whale liquidated its PEPE holdings during a market dip, selling off the remaining 263.3 billion PEPE at $0.00001804 per token. These holdings are now worth $4.75 million, and if sold, the whale could secure a profit of $2.28 million. 更新：这位巨鲸 9 小时前大盘暴跌时清仓 PEPE 了 最后剩余的 2633 亿枚 PEPE 在 $0.00001804 充值进了 #Kraken ，价值 475 万美金，若卖出将获利 228 万美金 至此长达九个月的 PEPE 持仓已全部卖出，共获利 624 万美金；真 在哪里跌到，就在哪里爬起来了 下次再写这个地址，就得改 title 了哈哈 pic.twitter.com/H36PkZmWz0 — Ai 姨 (@ai_9684xtpa) December 20, 2024 In total, after nine months of ups and downs, the whale has sold all of its PEPE position, earning a total profit of $6.24 million. Despite the earlier losses, the savvy trader’s strategic moves have paid off, illustrating the volatile yet rewarding nature of the crypto market. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! ZyCrypto