Cryptocurrency whales are capitalizing on recent market corrections to accumulate significant positions in various sectors, according to on-chain data. Bitcoin's price fluctuations between $80,000 and $90,000 and altcoin corrections of 15%-40% have created a favorable environment for large holders. In the payment and cross-border settlement sector, XRP has become a favorite among whales following the SEC settlement and the launch of an XRP ETF. Over the past month, addresses holding between 100 million and 1 billion XRP increased by 970 million XRP, while those with over 1 billion XRP added 150 million XRP, totaling over $2.4 billion in net inflows. In the DeFi sector, whales have shown strong accumulation in UNI and AAVE, with UNI seeing an addition of 800,000 tokens and AAVE holdings reaching an all-time high of 3.98 million. Meanwhile, in the AI and data sector, ENA and TIA have seen increased whale activity, with ENA holdings rising by 2.84% and TIA's exchange supply decreasing by 5%.
Crypto Whales Accumulate XRP, ADA, and DeFi Tokens Amid Market Corrections
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