This Crypto Whale Takes $2.6 Billion Worth of Dogecoin and XRP

Bittime - Big investors, aka whales, have bought crypto assets worth $2.698 billion (around Rp. 43.66 trillion) and nature of the last 48 hours . Their focus? Two popular coins, XRP and Dogecoin (DOGE). 

This big move sparked speculation among the crypto community. Many are wondering whether this whale's move signals a bullish signal for these two coins? This is the answer.

Whales Take XRP and Dogecoin in Fantastic Amounts

Source: The Daily Hodl

According to a report by crypto analyst Ali Martinez, whales are buying 1 billion XRP in just two days. With the current price of XRP at $2.54 (approximately Rp. 41,148), the total value of the accumulation reaches $2.54 billion (around IDR 41.15 trillion).

Source: The Daily Hodl

Additionally, Dogecoin, a meme coin widely known for its popularity on social media, is also an accumulation target. Whales buy 470 million DOGE during the same period. With the DOGE price recorded on $0.338 (approximately Rp. 5,475), this purchase is worth approx $158.86 million (around IDR 2.58 trillion).

Read also: Dogecoin Price Nears Breakout! Analyst Predicts Target $17

The total accumulation of these two coins reached a fantastic figure, namely $2.698 billion (around IDR 43.66 trillion). This figure is not only surprising but also reflects the confidence of large investors in the long-term potential of XRP and Dogecoin.

Bullish Predictions for XRP and Dogecoin

Based on technical analysis, XRP shows the potential for significant price increases in the next few months. Martinez predicts that XRP has two potential entry points:

1. Trendline is up at $2.05 (around Rp. 33,210).

2. Breakout outside the pennant pattern at $2.50 (around IDR 40,500).

If this target is achieved, the price of XRP is projected to shoot up $10 (around Rp. 162,000).

Meanwhile, Dogecoin, with its strong loyal community, continues to attract attention as a speculative asset that has the potential to provide huge profits if market trends strengthen.

Read also: Impact of XRP Adoption by Bank of America (BoA) for XRP in 2025!

Factors Declining Capital Flows in the Crypto Market

Although this whale action provides a positive signal, analysts note that capital flows into the crypto market as a whole have decreased in the last 30 days. 

Total capital inflow fell from $134 billion (around IDR 2,170.8 trillion) become $68 billion (around IDR 1,101.6 trillion), shows a decrease of 49%.

However, large accumulation actions by whales could be an early sign of a revival in the crypto market, especially for XRP and Dogecoin.

FAQ About XRP and Dogecoin

1. What is XRP?

XRP is a cryptocurrency developed by Ripple Labs for fast and cheap cross-border transactions.

2. What is Dogecoin?

Dogecoin is a meme-based cryptocurrency that was originally created as a joke, but now has a large community and a wide range of uses.

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Reference 

The Daily Hodl, Crypto Whales Gobble Up $2,698,860,000 Worth of XRP and Dogecoin (DOGE) in Just Two Days, According to Analyst, accessed January 13, 2025.

coinmarketcap, Coinmarketcap.com, accessed January 13, 2025.

Author: Y