Investors are keen to uncover which altcoins crypto whales are accumulating, particularly during market dips when prices retreat from recent highs.
Notably, JasmyCoin (JASMY), XRP, and Polygon (POL) dominated whale activity in the third week of December 2024. Below, we analyze the catalysts behind this trend and potential future price movements.
JasmyCoin (JASMY): Japan’s Rising Star
Dubbed the "Bitcoin of Japan," JasmyCoin witnessed aggressive whale accumulation despite a 30% price drop over seven days.
Key Metrics:
- Whale Netflow: Surged from 10.22 million to 54.74 million JASMY tokens this week.
- Investment Value: Whales injected ~$1.38 million into JASMY at current prices.
👉 Why JasmyCoin’s tech could redefine IoT-blockchain integration
Implications:
- Sustained accumulation may drive JASMY toward $0.10.
- Reduced whale interest could prolong the correction.
XRP: Whales Bet on a Comeback
Ranked #4 by market cap, XRP saw whales purchase 150 million tokens (~$327 million) this week.
Whale Activity:
- Addresses holding 1M–10M XRP rose from 4.85B to 5B tokens.
Price Scenarios:
- Bullish: Rally to $3 if market sentiment reverses.
- Bearish: Drop below $2 if selling pressure intensifies.
Polygon (POL): Whales Defy Skepticism
Despite POL’s 65% decline from its ATH, whales increased holdings from 310.83M to 315.94M tokens.
Outlook:
- Continued accumulation might push POL toward $1.
- Declining interest could trigger further downside.
FAQs
Q1: Why do crypto whales target altcoins like JASMY and XRP?
A: Whales often accumulate undervalued assets with strong fundamentals or upcoming catalysts, anticipating long-term gains.
Q2: How reliable is whale activity as a price indicator?
A: While not foolproof, large accumulations often signal confidence, though external factors can override trends.
Q3: Should retail investors follow whale movements?
A: Use whale data as one of many tools—always pair with independent research.
👉 Explore top tools for tracking crypto whale transactions
Final Thoughts
Whale activity in JASMY, XRP, and POL highlights strategic bets on recovery potential. Monitor netflow trends and macroeconomic factors to navigate volatility.
Disclaimer: This analysis is informational only. Conduct due diligence before investing.
### SEO Keywords:
1. Crypto whales
2. Altcoins December 2024
3. JasmyCoin (JASMY)
4. XRP accumulation
5. Polygon (POL)
6. Whale netflow
7. Cryptocurrency trends
8. Market dip strategies
### Anchor Texts Inserted:
1. "Why JasmyCoin’s tech could redefine IoT-blockchain integration"
2. "Explore top tools for tracking crypto whale transactions"