Billion-dollar movement: XRP and DOGE whales accumulate assets amid market expectations

The cryptocurrency market has been showing interesting movements by whales. Recently, the massive accumulation of XRP e DOGE by these whales has been attracting attention, generating discussions and speculation about the direction of these assets. Both cryptocurrencies are trading in the green today, with XRP standing out, leading the gains by rising almost 5% this Saturday, amid the pullback in the broader market.

In recent days, the Dogecoin whale activity (DOGE) and Ripple (XRP) have been intensifying, with the acquisition of billions of coins. In the case of the meme coin DOGE, the movement appears to have been influenced by recent comments from billionaire and crypto enthusiast Elon Musk about the potential price fluctuations of cryptocurrencies.

Recent data shows that over 470 million DOGE tokens were purchased in a short span of two days, according to a lifting shared by renowned cryptocurrency analyst Ali Martinez on January 10. The move demonstrates a trading frenzy surrounding the largest memecoin on the market. Currently, Dogecoin is trading at $0,336, up 2.4% today.

In the case of XRP, whale confidence seems to be on the rise. Large investors linked to Ripple acquired 1 billion XRP coins in the space of 48 hours, according to the data shared by Martinez. This movement may have been driven by the recent transfer Ripple Labs’ $300 million XRP, valued at around $682 million, to an unidentified wallet. Speculation surrounding regulatory changes and a new political landscape may also be contributing to the bullishness on XRP.

XRP is leading the gains among the largest cryptocurrencies on the market today, reclaiming the third spot by market cap after overtaking Tether (USDT). At press time, the price of XRP was trading at $2,40, up 4.8% in the last 24 hours.