Crypto Whales Make Bold Moves in the Altcoin Market, Targeting BEAM, VIRTUAL, ADA, DOGE, and XRP

Crypto whales are once again making bold moves in the altcoin market, indicating possible changes in their investment strategies.

Crypto whales are once again making bold moves in the altcoin market, hinting at possible shifts in their investment strategies. According to Spotonchain, these whales' strategies appear to have changed drastically from what they had accumulated in previous weeks.

On the other hand, a widely followed crypto analyst highlights the whale activity surrounding popular crypto assets such as Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA) and XRP during this week’s market decline.

Whales bought BEAM and VIRTUAL

In the past few hours, Spotonchain reported a significant move by a crypto whale that purchased 189.55 million BEAM tokens. The transaction involved spending 1,458 WSTETH, which is valued at $6.7 million, at an average price of $0.03515 per token. This marks BEAM as an important focus in the whale’s investment portfolio.

In addition to purchasing the BEAM token, the whale has also diversified its portfolio by adding other prominent altcoins. Since December 1, they have allocated $35.7 million worth of ETH for four tokens, taking a strategic approach to the market. These tokens include:

Another altcoin that stood out this week is VIRTUAL, the native token of Virtuals Protocol, an AI-powered project on Base Chain. Notably, whales are buying significant amounts of VIRTUAL tokens. Two newly activated wallets, presumably controlled by the same whale, pulled 10 million USDC from Coinbase, buying 4.25 million VIRTUAL at $2.35 per token. On December 12, Santiment reported that wallet addresses holding between 100 million and 1 billion VIRTUAL tokens saw a sharp increase in assets.

Ali Martinez: Whale activity increased in Dogecoin, ADA, XRP, BTC

Meanwhile, a widely-followed crypto analyst is highlighting the whale activity surrounding popular crypto assets such as Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA) and XRP during this week’s market decline.

In a new thread on social media platform X, crypto strategist Ali Martinez tells his 98,300 followers that deep-pocketed investors have been loading up on smart contract platform Cardano over the past two days. According to his data, Cardano whales have bought more than 80 million ADA in the last 48 hours.

Also switching to the meme coin Dogecoin, Martinez notes that whales with 10 million to 100 million DOGE bought a staggering 210 million tokens during the crypto asset’s recent correction earlier this week.

Moving to the highest crypto asset by market capitalization, Martinez says that high net worth BTC investors are taking every dip as an opportunity to load up. According to the analyst, 342 wallets holding over 100 BTC were created as prices fell from $104,000 to $90,000.

Finally, Martinez notes that wallets holding between 1 million and 10 million XRP swallowed the asset during their recent decline. He notes that whales received more than 100 million XRP.

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