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The tides are shifting in the Bitcoin sea. A recent analysis by CryptoQuant, a blockchain analytics firm, paints a picture of a changing investor landscape, with a new breed of “whales” – high-volume crypto holders – entering the fray and established players holding their ground.
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On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks.
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Last week was a particularly good week for DOGE. The meme coin experienced a surge in trading volume during the week that allowed it to successfully surpass the $0.22 price mark for the first time since November 2021.
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Shiba Inu (SHIB) whales are at it again, with large transactions involving the meme coin recorded lately. These high-volume transactions have piqued the interest of other investors, who have deliberated on whether this could be the perfect opportunity to accumulate the meme coin.
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The cryptocurrency market is a tempestuous sea, and sometimes, even the biggest waves go unexplained. Such is the case with XRP, a digital asset used on the Ripple network for international payments.
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Shiba Inu is still at the forefront of crypto investors’ minds, especially large investors, as shown by the notable rise in their activity over the last week.
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A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›
Connected to Alpha
Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.