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Crypto Whales Gobble Up Nearly $149,600,000 Worth of Cardano and Large-Cap Memecoin in Just Two Days: Analyst

n70products by n70products
December 16, 2024
in Altcoin
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Crypto Whales Gobble Up Nearly 9,600,000 Worth of Cardano and Large-Cap Memecoin in Just Two Days: Analyst
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An on-chain analyst says deep-pocketed buyers are loading up huge quantities of Cardano (ADA) and a high memecoin because the market went sideways for the previous week.

Analyst Ali Martinez tells his 98,800 followers on the social media platform X that crypto whales amassed $85.6 million value of ADA in a few days.

“Cardano whales purchased over 80 million ADA in 48 hours!”

Image
Supply: Ali Martinez/X

At time of writing, ADA is buying and selling for $1.07.

Martinez additionally says deep-pocketed buyers snapped up $64 million value of the large-cap memecoin Dogecoin (DOGE).

“Whales purchased one other 160 million Dogecoin DOGE in 24 hours!”

Image
Supply: Ali Martinez/X

At time of writing, DOGE is value $0.40.

In complete, the crypto whales amassed practically $150 million value of ADA and DOGE in simply two days through the previous week.

Turning to Bitcoin, Martinez says he’s BTC‘s In/Out of the Cash Round Value (IOMAP) metric. IOMAP classifies crypto addresses as both profiting, breaking even, or shedding cash – to find out assist and resistance ranges for BTC.

In line with the analyst, Bitcoin has a fortress of assist above $94,000 as thousands and thousands of wallets amassed thousands and thousands of BTC round and above the value space.

“Bitcoin sits on high of a big assist wall between $94,300 and $100,250, the place 2.25 million wallets purchased over 2.18 million BTC.”

Image
Supply: Ali Martinez/X

At time of writing, Bitcoin is buying and selling for $101,946.

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Tags: AnalystCardanoCryptodaysGobbleLargeCapMemecoinWhalesWorth
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