Tag: whale activity

Dogecoin Weekly Whale Accumulation Hits 100 Million Coins

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Whales have been accumulating over 100 million Dogecoins in the past 7 days. Does this mean DOGE could be rallying soon?

 

Dogecoin has surged 6.78% in the past 24 hours as of press time, per CoinMarketCap data. Despite a low trading volume in the same period, DOGE is showing strength fueled by heightened whale accumulation. Following the recent filing of DOGE ETFs by 21shares, the memecoin could be poised for a price uptrend in the coming days.

Recent On-chain data hint at a surge in whale accumulation. According to the data, wallets holding between 1 million to 10 million DOGE have steadily risen over the past week, surpassing 100 million coins.

 

Source: X

 

While there is no sudden spike in price, crypto analysts predict DOGE could be eyeing a breakout above $0.2000 soon. This could trigger a price rally amid changing market sentiment towards memecoins.

Whale accumulation often signals a preparatory phase before a price breakout. One should monitor volume and key support levels for further insights.

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partyushgoyal

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Whale Accumulation: THIS New Wallet Moved BTC Worth $118.3M!

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A brand-new wallet has withdrawn 1,398 BTC valued at $118.3 million from the Kraken Exchange. Could this be another institutional buyer? 

 

Bitcoin is signalling a potential mid-term rally and has drawn significant institutional interest as of Q1 2025. As of press time, BTC is trading at $84,460 per CoinMarketCap data. Despite slight price fluctuations, Whale Insider has reported a mysterious wallet accumulating BTC, potentially anticipating a rally soon. According to the X post:

 

Newly created wallet withdraws 1,398 $BTC worth $118.3 million from Kraken exchange.

A look at the on-chain metrics reveals that this is a new wallet with no prior transaction history.

 

Source: X

So, what does this suggest?

As centralized exchange reserves drop due to large withdrawals (potential accumulation), BTC’s scarcity rises. As demand grows, Bitcoin surges as traders anticipate and speculate on future price increases.

While the withdrawal seems like another crypto transfer, timing and scale influence the market behaviour in the crypto space.

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partyushgoyal

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How to Track Whale Wallets for Smart Investment Moves

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Tracking whale wallets offers a unique window into observing large investor behaviour and anticipating market trends associated with the big-money players.

 

Having a hedge on the latest market trends and activity associated with both large and retail traders increases your chances of success as a trader. The impact of big market moves by large investors (whales) in the crypto market could affect one’s long-term or short-term positions.

 

So, why track whale wallets?

Some common reasons for observing whale activity include;

  • Detecting large buys or sells early
  • Anticipate market volatility or changes in sentiment
  • Spot potential accumulation and distribution patterns that could impact prices

 

Some commonly used tools for tracking whale activity include;

Whale Alert for updates on large transfers.

Etherscan for Ethereum wallet transactions

Nansen for smart money and whale behaviour, Arkaham for AI-driven wallet identification, and Lookonchain for Real-time alerts and trend insights.

 

What should you look for?

  • Whale accumulation involves large buys sent to cold wallets, a bullish signal.
  • Distribution refers to transfers made to exchanges, a bearish signal.
  • Swaps or staking, an investment suggesting long-term conviction, bullish signal.

 

Whale actions are key in confirming one’s technical setups and tracking market behaviour in dips or rallies, thus allowing traders to make informed investment strategies.

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partyushgoyal

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