As the crypto world kicks off the new year, investors are once again tracking the market-driving crypto whales. The strategic moves of whales often dictate the market’s trajectory, offering early insights into trends for 2025. Reports suggest that whales are focusing on altcoins with potential upside opportunities.
The Top Tokens Capturing Whales’ Attention in January 2025
Hyperliquid (HYPE)
At the top of the list is Hyperliquid’s native token, HYPE, which has emerged as one of the best-performing altcoins with a staggering 600% increase over the past three months. However, a recent 15% dip in the last 24 hours appears to present a buying opportunity for investors.
According to Spot-On-Chain data, whales made significant purchases of HYPE following the drop. For instance, on January 2, one whale acquired 151,277 HYPE, while another purchased $2.76 million worth of HYPE. If this accumulation trend continues, HYPE’s price is expected to recover from its current levels. However, a halt in whale buying could limit significant price growth.
Cardano (ADA)
Another token on whales’ radar is ADA, Cardano’s native cryptocurrency. ADA’s price surged by 12.04% in the last 24 hours, reaching $1.04. By December 30, 2024, wallets holding 100 million to 1 billion ADA collectively owned 3.28 billion ADA. This figure increased by 20 million ADA within just four days, totaling 3.30 billion ADA.
This accumulation by whales is generally seen as a positive market indicator. Additionally, ADA’s price is expected to rise further by the end of January. However, if selling pressure increases, the price could dip below the $1 mark again.
XRP (XRP)
Another favorite among whales is XRP, which has shown a 350% surge in the past 90 days. XRP remains the third-largest cryptocurrency by market cap. Data from Santiment reveals that addresses holding 1 million to 10 million XRP increased their holdings from 5.05 billion to 5.13 billion XRP. Meanwhile, addresses with 100 million to 1 billion XRP saw their balances rise from 9.42 billion to 9.72 billion XRP.
In total, whales purchased approximately 380 million XRP, representing a $912 million investment. If this buying pressure continues, XRP’s price is projected to exceed $3 by the end of January. However, whale selling could invalidate this forecast.
The strategic moves of crypto whales remain a crucial factor influencing the market. The intense accumulation of Hyperliquid, Cardano, and XRP indicates potential gains for these tokens in January 2025. However, investors are advised to remain cautious, considering market conditions and possible volatility.
For detailed and updated Cardano (ADA) analyses, you can check out the latest insights at Kriptokoin.com.
