Dogecoin

Boost

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whales-boost-ada-and-doge-holdings-in-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Boost ADA and DOGE Holdings in Market</a><br></p>
<p style="text-align: justify">Recent activities in the cryptocurrency market have highlighted significant whale movements, particularly involving Cardano (ADA) and <a href="https://en.bitcoinhaber.net/analyst-predicts-dogecoin-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin</a> (<a href="https://en.bitcoinhaber.net/dogecoin-price-surges-as-etf-speculation-rises" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>). During a week of stagnation in market prices, major investors made substantial purchases of these assets. Reports indicate that within just two days, whales collectively acquired ADA and DOGE valued at approximately $150 million, signaling a notable shift in market dynamics.</p>
<h2 style="text-align: justify" id="strong-what-are-the-recent-ada-purchases-by-whales-strong"><strong>What Are the Recent ADA Purchases by Whales?</strong></h2>
<p style="text-align: justify">According to analyst Ali Martinez, Cardano whales spent around $85.6 million on ADA in a mere 48-hour span. He stated, “Cardano whales accumulated over 80 million ADA in 48 hours!” The asset’s price at that time was $1.07, indicating a strong buying interest amidst a lack of broader market movement.</p>
<h2 style="text-align: justify" id="strong-how-did-dogecoin-fare-in-whale-accumulation-strong"><strong>How Did Dogecoin Fare in Whale Accumulation?</strong></h2>
<p style="text-align: justify">Dogecoin also experienced a surge in whale purchases, with large players acquiring approximately $64 million worth of 160 million DOGE within 24 hours. Martinez noted, “Whales bought 160 million Dogecoin in 24 hours!” This influx helped stabilize DOGE’s market price around $0.40.</p>
<p style="text-align: justify">These notable buy-ins of ADA and DOGE have sparked significant market interest. Key takeaways from this activity include:</p>
<ul>
 <li>Whales are increasingly favoring ADA and DOGE, which may signal future price stability.</li>
 <li>Substantial volumes of purchases suggest confidence in these assets during stagnant market conditions.</li>
 <li>These movements could lead to stronger support levels in the cryptocurrency market.</li>
</ul>
<p style="text-align: justify">Additionally, Martinez offered insights on <a href="https://en.bitcoinhaber.net/crypto-market-sees-subtle-movements-as-major-coins-display-mixed-signals" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, indicating a solid support range between $94,300 and $100,250. He revealed that 2.25 million wallets hold a total of 2.18 million BTC within this price bracket. The interest from whales in various cryptocurrencies is seen as a potential stabilizing force for market activity in the near term.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/whales-boost-ada-and-doge-holdings-in-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Boost ADA and DOGE Holdings in Market</a></h5>

Whales Boost ADA and DOGE Holdings in Market

Table of Contents

BH NEWS

Other articles published on Dec 16, 2024

Semler Scientific Invests $21.5M to Acquire 211 BTC

Backpack Exchange and Wallet to Integrate Sui

Hedera taps into Chainlink’s data standard to boost DeFi and RWA adoption

CZ highlights how governments are leaning towards BTC strategic reserves

Eliza Labs and Stanford University’s FDCI to Explore AI Agents Impact on Digital Currency Systems

Bluntz Predicts Price Surge for PYTH and BONK

Join our free newsletter for daily crypto updates!