- XRP: Whale activity rises as Ripple’s partnerships and regulatory hopes boost confidence.
- Solana: Dominates DeFi with rising adoption, trading volumes, and strategic institutional staking.
- Dogecoin: Whales accumulate during price spikes, fueled by Elon Musk’s renewed endorsements.
Recently, Solana surged past $200, while Dogecoin jumped an impressive 244% in one month. On the other hand, Ripple’s XRP broke past $0.80, hitting a price not seen in over a year. Rumors about SEC Chair Gary Gensler stepping down added to the excitement around XRP. Let's see what's drawing the big players—whales, to these 3 altcoins.
Ripple’s XRP: A Potential Breakout on the Horizon
Source: Trading View
Ripple’s XRP climbed to $0.8217, the highest price in 16 months. Some analysts warn XRP must pass $0.90 to avoid falling back to $0.70 or $0.64.The SEC’s appeal of Ripple’s recent legal victory keeps uncertainty alive. The first hearing is expected in early 2025. Despite this, Ripple continues to grow. Large investors appear to be expecting a breakout, possibly betting on Ripple’s partnerships or changing regulations.
Solana: Leading the DeFi Revolution
Source: Trading View
Solana is still among the most popular blockchains, with 38.8% of global crypto interest. Decentralized exchanges on Solana reported daily trading volumes above $5 billion multiple times last month. The Robinhood listing has brought Solana closer to U.S. users. Prices hit $220 last week, with consolidation around $209. Resistance looms at $240, while experts predict an all-time high of $258.
Dogecoin: A Meme Coin with Momentum
Source: Trading View
Dogecoin surged to $0.40 recently, now sitting around $0.371. The price spiked after Elon Musk endorsed the coin again, tying it to his playful "Department of Government Efficiency." Now, whales are steadily accumulating Dogecoin at critical price levels. Over $2.76 billion in DOGE has been scooped up recently. Many believe these big players are waiting for a breakout above $0.50.
Crypto whales often move quietly, but their strategies leave clues. XRP, Solana, and Dogecoin have become top picks for those expecting big gains. Retail investors may want to pay attention—whales rarely invest without expecting major returns.
The post Why Are Crypto Whales Secretly Accumulating These 3 Altcoins? appeared first on Crypto News Land.