What Crypto Whales Are Buying: December 2024’s Third Week | Airdrop Alert Pro

What are crypto whales buying? That’s a question investors want to know, especially at a time when altcoin prices are nowhere near their peaks of just a few weeks ago.

Specifically, JasmyCoin (Jasmine), XRP and Polygon (POL) have become prime targets for whale buying. Here’s a detailed look at why these assets are getting so much attention and what might happen next.

Jasmine Coin (JASMY)

Known as “Japan’s Bitcoin” Jasmine Coin Whale accumulation has increased this week. This comes amid a 30% drop Altcoin Value Within the past 7 days.

According to IntoTheBlock statistics, on Monday, December 16, the net traffic of large users was 10.22 million. The net flow of large accounts is the difference between the number of tokens accumulated and distributed by whales.

But as of this writing, that number has increased to 54.74 million, indicating that crypto whales purchased approximately 44.52 million JASMY tokens this week. At current prices, this means these stakeholders invested $1.38 million in the altcoin.

This development suggests that crypto whales view JasmyCoin as one of the best altcoins to buy during the dip. If their accumulation trend continues, increased demand is likely to increase Driving the price of JASMY Close to $0.10.

However, if whales turn their attention away from JasmyCoin or reduce their interest, the price correction could extend further.

Ripple

Ranked as the fourth most valuable cryptocurrency, XRP once again becomes part of altcoin crypto whales Buying now. On December 15, the balance of addresses holding between 1 million and 10 million XRP was $4.85 billion.

Today, that number is 5 billion, which means that crypto whales bought 150 million coins this week, indicating that they purchased approximately $327 million worth of altcoins this week.

This development suggests that the wider market expects XRP to be one of the first cryptocurrencies to rebound following the asset’s recovery. If this happens, the price of XRP may rise to $3. However, it should Selling pressure increasesthe coin may drop below $2.

Polygon (POL)

POL, formerly known as Matikwas another altcoin crypto whale bought this week. This week, POL prices have dropped It dropped 26.29%, which is 65% lower than the all-time high.

For many market participants, altcoins may find it difficult to return to all-time highs. However, crypto whales don’t seem to agree, as the group between 1 million and 10 million saw their assets increase from 310.83 million to 315.94 million.

It should be like this accumulation If it continues, the Polygon ecosystem token price could rise to $1. However, if whale accumulation decreases, the coin is at risk of falling significantly.