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Over the past two days, large investors have been actively accumulating Dogecoin (DOGE) and XRP. Experts say that the obvious reason for such enthusiasm is the approaching inauguration of Donald Trump, scheduled for January 20. However, crypto whales have other reasons to buy up billions of tokens.
Thus, large investors accumulated about 470 million DOGE just 48 hours after Elon Musk's comment on cryptocurrency prices. He said that Bitcoin and Dogecoin could become significantly cheaper in the next two years. According to the billionaire, this will happen with improving economic conditions in the United States and a stronger dollar. Almost immediately after the comment, the memecoin fell by 20%, which large investors rushed to take advantage of.
The accumulation of XRP turned out to be even more significant - in 48 hours, crypto whales acquired 1 billion tokens. One of the catalysts for the activity was Ripple Labs transferring 300 million XRP, worth about $682 million, to an unknown wallet. 6 replies
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