Whales Accumulate XRP, ETH, and LINK Amid Market Dip While XRP Faces Heavy Selling Pressure

Major cryptocurrency investors, known as whales, have been actively accumulating three key altcoins during a recent market downturn. According to reports, these large holders executed significant private purchases to stabilize prices and demonstrate long-term confidence in the assets.

For Ripple's XRP, whales bought over 1.04 billion tokens through off-exchange private deals as the price swung from $2.83 to $1.77 before recovering to near $2.59. These large-scale acquisitions were seen as a cushion against panic selling, reflecting strong institutional trust in the Ripple ecosystem's future demand.

Simultaneously, Ethereum (ETH) whales responded to a sharp price drop from $4,350 to $3,700 by moving tens of thousands of ETH from exchanges to private wallets. This was accompanied by private purchases worth hundreds of millions of dollars, supporting a price rebound above $4,100. The behavior signals a long-term holding strategy, buoyed by expectations of network upgrades and growing developer activity.

For Chainlink (LINK), wallets holding over 100,000 LINK increased their balances by nearly 22%, adding approximately 760 million LINK (worth $13–16 million). This accumulation helped absorb selling pressure from 18.75 million LINK hitting the market, easing volatility. Whales view Chainlink as critical blockchain infrastructure for providing real-world data to smart contracts.

However, XRP is also facing significant selling pressure from other large holders. Analyst Ali Martinez reported that wallets holding 1–10 million XRP sold or redistributed 150 million tokens in the past 48 hours, continuing a trend that began in September. In October and November, nearly 1.5 billion XRP were disposed of by large participants. Despite this, XRP has held above a key support range of $1.85–$1.95, with analysts noting a break above a downward trendline. The next major resistance is seen near $2.25, with potential targets at $2.6–$2.75 if bullish momentum holds.

On-chain activity on the XRP Ledger remains robust, with over 40,000 account-related operations recorded recently, indicating growing developer interest and Automated Market Maker (AMM) testing.