Whales Spark Activity in These Two Altcoins: Metrics Surge

Altcoin Whales Re-Enter the Market, Signaling Potential Bullish Trends

Ripple Whales Accumulate Over 100 Million XRP During Market Decline

During the recent market downturn, Ripple whales made significant purchases, acquiring over 100 million XRP. This accumulation raised optimism for XRP's future, particularly as the market experienced a sell-off.

Dogecoin Whales Return as Dormant Coins Circulate

Dogecoin (DOGE) has also seen renewed activity, with dormant coins changing hands. This uptick follows a price drop of 19% from DOGE's three-year high on December 6th.

Metrics Suggest Bullish Sentiment for DOGE

DOGE's Mean Dollar Invested Age (MDIA) has entered a downtrend, indicating that coins are re-entering circulation. A positive funding rate of 0.003% also suggests bullish market sentiment and upward price pressure.

Technical Analysis Points to Support for DOGE

On the daily chart, DOGE maintains dynamic support at $0.34, according to the SuperTrend indicator. This suggests a bullish trend is in play, and some analysts believe it could lead to a broader bull rally.

Conclusion

The movements of whales in XRP and DOGE highlight the intricate dynamics of accumulation, market fluctuations, and on-chain metrics. As Ripple whales acquire XRP and Dogecoin's metrics point to increased activity, the broader crypto market remains poised for further developments.