The post Crypto Whales Gobble Up $2,698,860,000 Worth of XRP and Dogecoin (DOGE) in Just Two Days, According to Analyst appeared on BitcoinEthereumNews.com.

A closely followed analyst says that deep-pocketed crypto investors have scooped up over $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 accumulate payments-focused altcoin XRP. “Whales bought roughly one billion XRP in 48 hours!”‘ Source: Ali Martinez/X At time of writing, XRP is trading for $2.54, indicating that the whales accumulated $2.54 billion worth of the third-largest altcoin by market cap. Moving on to the popular meme asset DOGE, Martinez says that crypto whales gobbled up massive amounts of the dog-themed altcoin over a two-day period. “Whales bought over 470 million Dogecoin DOGE in 48 hours!” Source: Ali Martinez/X With DOGE trading for $0.338 at time of writing, the whales’ Dogecoin trove is now worth $158.86 million. In total, the deep-pocketed investors accumulated $2.698 billion worth of XRP and DOGE. Looking at the charts, Martinez predicts that XRP will skyrocket to a huge price tag in February, noting that the asset has two potential entry points. “The first is the rising trendline of the pennant, at $2.05. The second is a breakout outside of the pennant, at $2.50. Regardless of your entry, the target remains $10!” Source: Ali Martinez/X The crypto strategist goes on to note that digital assets saw declining levels of capital inflows in the last 30 days. “Capital inflows into the crypto market went from $134 billion to $68 billion over the past month, representing a 49% decline.” Source: Ali Martinez/X Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X, Facebook and Telegram Surf The Daily Hodl Mix &nbsp Disclaimer: Opinions expressed at…

---

Filed under: News - @ January 13, 2025 1:01 am