Over the past two days, large investors have been actively accumulating Dogecoin (DOGE) and XRP . Experts say the obvious reason for such enthusiasm is the approaching inauguration of Donald Trump, scheduled for January 20. However, crypto whales have other reasons to buy up billions of tokens.
Thus, large investors accumulated about 470 million DOGE just 48 hours after Elon Musk's comment on cryptocurrency prices. He stated that in the next two years Bitcoin и Dogecoin may become significantly cheaper. This will happen, according to the billionaire, if economic conditions in the US improve and the dollar strengthens.
Musk's statement caused a mixed reaction in the crypto community and negatively affected the exchange rate Dogecoin Almost immediately after the comment, the memecoin fell by 20%, which large investors rushed to take advantage of.
DOGE rate
Накопление XRP turned out to be even more significant - in 48 hours crypto whales purchased 1 billion tokens. One of the catalysts for the activity was the company's transfer Ripple Labs 300 million XRP in the amount of approximately $682 million to an unknown wallet.
CoinGlass data also shows that open interest in futures on the asset rose 3% to $4,37 billion.
This week XRP rose in price by 2,03% and at the time of writing kriptovalyuta traded at $2,47.
