Ethereum and XRP are witnessing significant whale accumulation, with large investors spending tens of millions to acquire the assets, signaling strong confidence despite recent market volatility.
On-chain data reveals aggressive buying from two prominent Ethereum whales. The wallet known as "thomasg.eth" spent a total of 14.08 million USDC over three days to purchase 6,204 ETH at an average price of $2,269. In a separate transaction just hours before the report, the same whale spent another 6.08 million USDC to buy 2,582 ETH. Simultaneously, another whale, identified as "0xeBE…," purchased 3,156 ETH (worth approximately $7.34 million) from Binance, bringing its total holdings to 4,697 ETH valued at nearly $10.91 million.
These multi-million dollar acquisitions highlight a broader trend of whale accumulation, which analysts interpret as a bullish signal for Ethereum's future trajectory. At the time of reporting, ETH was trading at $2,315.52, reflecting a minor 0.69% dip over the past 24 hours.
In parallel, crypto analyst Ali Martinez reported that XRP whales have accumulated 200 million tokens over the past two weeks. This substantial on-chain activity has drawn market attention as XRP trades near the $1.50 level, with traders watching for a potential breakout. The data indicates inflows into non-exchange addresses, a pattern typically associated with accumulation rather than preparation for selling.
XRP's price action has been positive, trading in the mid-$1.40s to $1.50s after breaking above previous resistance levels. Chartists suggest that sustained momentum could open targets near $2.00. However, analysts caution that the impact of whale buying is ultimately dependent on broader market sentiment and macro factors like central bank policies and geopolitical events.
