In the first week of February 2025, despite an 11% decline in the global cryptocurrency market capitalization, crypto whales have been actively accumulating specific altcoins. Notably, significant investments have been observed in Dogecoin (DOGE), Pepe (PEPE), and Cardano (ADA).
Dogecoin ($DOGE ):
Whale Activity: Large holders, defined as addresses owning more than 0.1% of DOGE's circulating supply, have increased their net holdings by 112% over the past seven days.
Potential Impact: This surge in accumulation suggests a bullish outlook, potentially driving DOGE's price towards $0.32 if the trend continues.
Pepe ($PEPE ):
Whale Activity: Addresses holding between 100,000 and 1,000,000 PEPE tokens have collectively purchased an additional 870 million tokens, bringing their total holdings to a record 27.09 billion PEPE.
Potential Impact: Continued accumulation at this rate could elevate PEPE's value to approximately $0.000010.
Cardano ($ADA ):
Whale Activity: Large investors possessing between 100 million and 1 billion ADA have acquired an extra 330 million tokens, equivalent to over $230 million, in the past week.
Potential Impact: Sustained accumulation may propel ADA's price beyond the $0.80 mark.
These strategic moves by major investors highlight a focused interest in these altcoins, even amidst broader market volatility. The continued accumulation by whales could signal potential upward trends for these cryptocurrencies in the near future.
