In recent months, there is noticeable accumulation of cryptocurrencies by whales. Let's look at which altcoins they prefer and why.
Why Are Whales Buying?
Whales have a long-term vision. They believe the crypto market will rise, especially with Bitcoin gaining interest from various countries. For instance, Abu Dhabi’s Sovereign Wealth Fund purchased Bitcoin worth $460 million in February.
Investment Goals of Whales
Bitcoin is a logical target for whales due to its current price and growth potential. With increased interest in Bitcoin ETFs from major investment firms, whales are actively purchasing it. There are predictions of Bitcoin's price reaching $250,000 by 2025.
Popular Altcoins Among Whales
Apart from Bitcoin, Ripple ($XRP) shows resilience despite market conditions. Whales bought 150 million $XRP in the last 48 hours. Ondo Finance ($ONDO) also attracts attention with its strategy in the RWA sector.
Thus, whales are betting on promising cryptocurrencies despite temporary market dips, seeing it as an opportunity for strategic investments.
