Global #whale activity

Since the arrest of Telegram’s CEO Pavel Durov on August 24, Notcoin (NOT) has experienced a sharp decline in its market value.

According to X user Ali Martinez, Ripple whales have been on a buying spree, acquiring over 50 million XRP tokens in the past 24 hours. This represents a significant investment of approximately $30 million.

In the past two weeks, the cryptocurrency market has been marked by significant volatility, yet Litecoin (LTC) has managed to carve out a distinct trajectory.

Dogecoin (DOGE) has experienced a 16% price drop over the past month, currently trading at $0.10. Analysts are pointing to a significant decline in activity from large investors, often referred to as "whales," as a primary culprit.

Bitcoin (BTC) is currently experiencing a period of consolidation, forming a bull flag pattern on the daily chart. While prices have stabilized and recovered from recent weaknesses, BTC remains down 8% from last week’s highs and is navigating a fragile position in the market.

The Pepe (PEPE) meme coin has been struggling to break past the $0.0000085 resistance zone, a level that previously acted as support in July. Recent whale activity has failed to ignite a bullish trend, and PEPE is now approaching its nearest support zone with significant downward pressure.

Ethereum (ETH) is currently experiencing significant bearish pressure following a major liquidation event by BlockTower Capital, a prominent crypto venture capital firm.

As of August 6, 2024, Bitcoin (BTC) has experienced a notable price surge, trading close to $56,000 after a 10% rise in the last 24 hours. This recent rally has been underscored by significant whale activity, with a leading analyst reporting on X that these large investors accumulated over 30,000 BTC, worth approximately $1.62 billion, within just 48 hours.

In recent months, the cryptocurrency market has been marked by significant volatility, with Bitcoin (BTC) leading a wave of fluctuations that have impacted a broad spectrum of altcoins.

Bitcoin’s price dropped by 1.4% to $63,721 on Thursday, marking its first decline below $65,000 in a week. This decrease follows the US Federal Reserve's decision to maintain interest rates and concerns over escalating tensions in the Middle East.

Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, has been experiencing a significant price drop recently.

While the cryptocurrency market has been experiencing a rough patch, with major coins like Ethereum taking double-digit tumbles, there's a curious trend emerging: whales are accumulating Bitcoin.