According to BeInCrypto’s findings, these crypto whales are accumulating already established tokens. They still seem to be looking for undervalued altcoins in recent days with some potential. Here are the main purchases to target profits in 2025.
Hyperliquid (HYPE) in the crosshairs
This month, we find at the top of the list Hyperliquid’s native token, HYPE. Over the past 90 days, this token has been a boon for investors with gains over 600%. This has made it one of the best performing altcoins in the crypto top 100.
However, over the past 7 days, the token has fallen by almost 8%. This therefore suggests that the token may have offered an unexpected opportunity to buy the dip. Following this decline, data from Spot On Chain shows that crypto whales took advantage of this wonderful opportunity to acquire HYPE in large quantities.
According to this on-chain data provider, a whale continued purchasing 151,277 HYPE on January 2. At the same time, another crypto whale bought for $2.76 million while a third reloaded to the tune of 37,017 HYPE.
If accumulation continues at this rate, the HYPE price is likely to rebound. However, traders will need to be vigilant. Indeed, because an end to accumulation could prevent this increase.
Cardano (ADA): return to form
Second on the crypto whale shortlist is the ADA token, whose price increased by 14.20% in the last 24 hours. As of December 30, 2024, the number of ADA held by large Cardano addresses (100 million to 1 billion tokens) in their wallets was 3.28 billion.
Today, this figure has increased slightly to 3.30 billion. This tells us that crypto whales have accumulated around 20 million ADA over the last four days. Historically, an accumulation of this type constitutes a bullish sign. The price of Cardano could therefore accelerate by the end of January.
However, if selling pressure exceeds these purchases, things could change. At this point, the Cardano token could slip below the dollar again.
XRP is targeted by crypto whales
The inclusion of XRP as a favorite among crypto whales might not come as a surprise to many. On several occasions, the token has been popular with large investors. Due to this constant buying, the price of the third largest crypto in the world by market cap has increased by 350% in the last 90 days.
According to Santiment, different groups decided to buy XRP in anticipation of further gains in January 2025. For example, addresses holding 1 to 10 million coins increased their assets from 5.05 billion to 5.13 billion.
Since December 29, 2024, investors holding between 100 million and 1 billion XRP have increased their balance from 9.42 billion to 9.72 billion. In total, crypto whales purchased 380 million tokens which are currently valued at $912 million.
With this buying pressure, the price of XRP is likely to exceed $3 before the end of the month. However, if whales start selling, this prediction may not come true.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, this price analysis article is intended for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased information, but market conditions may change without notice. Always do your own research and consult a professional before making any financial decisions.
