A closely watched analyst says crypto investors with deep pockets have snapped up more than $2.5 billion worth of XRP and Dogecoin (DOGE) in just a few days.
In a new thread, crypto trader Ali Martinez tells his 111,500 followers on social media platform
“Whales bought about a billion XRP within 48 hours!”
At the time of writing, XRP is trading at $2.54, indicating that the whales have amassed $2.54 billion in value of the third largest altcoin by market cap.
We continue with the popular meme item DOGE, Martinez say that crypto whales gobbled up massive amounts of the dog-themed altcoin over a two-day period.
“Whales bought more than 470 million Dogecoin DOGE in 48 hours!”
With DOGE trading at $0.338 at the time of writing, the Whales’ Dogecoin treasure is now worth $158.86 million.
In total, the deep-pocketed investors collected $2.698 billion in XRP and DOGE.
Looking at the charts, Martinez predicts that XRP will skyrocket at a huge price tag in February, noting that the asset has two potential entry points.
“The first is the pennant’s rising trendline, at $2.05. The second is a breakout outside the pennant, at $2.50. Regardless of your participation, the goal remains $10!”
The crypto strategist goes further remark that digital assets have seen declining capital inflows over the past thirty days.
“Capital inflows into the crypto market increased from $134 billion to $68 billion last month, representing a decline of 49%.”
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Featured image: Shutterstock/Olga Medvedeva
