Whales Accumulate Cardano and XRP Amid Market Correction, Analysts Suggest Potential Bull Run Restart

• Whale activity for XRP and Cardano is at a five-month high, signaling strong demand.

• Recent corrections in the market are viewed as healthy, providing opportunities for accumulation.

• XRP’s year-to-date return is around 15%, boosted by favorable regulatory developments.

Discover the latest trends in crypto as whales accumulate Cardano and XRP, signaling potential bullish movements. Stay informed!

What is the current trend for Cardano and XRP?

The current trend for Cardano and XRP shows that despite recent market corrections, large holders are accumulating these cryptocurrencies. This behavior suggests a bullish outlook as investors anticipate a market rebound.

How are whales influencing the market?

Whales are significantly influencing the market by accumulating large amounts of XRP and Cardano. On-chain data from Santiment indicates that the 50-day average of transactions worth over $100,000 has reached a five-month high for both cryptocurrencies. This accumulation is supported by an increase in holdings among high-net-worth investors.

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