Q4-2024 is always the one to watch in crypto, but this time it’s huge. We’re edging closer to a potential upside breakout, which means it’s crunch time—make or break. If you haven’t started stacking your coins for the next run, this is your last chance.
But no stress, we’ve got you covered. Instead of guessing which coins to load up on, we’re using a cheat code: tracking what the crypto whales are buying. These are the big players with deep pockets and insider knowledge of where the crypto market is headed. So, keeping an eye on their moves? That’s the smart play. And trust me, the coins they’re grabbing this quarter will surprise you. Let’s dive in.
Current Market Conditions
Just before we get to our list, let’s talk about what’s happening right now. The crypto market is down, and that’s largely because of the ongoing conflict between Israel and Iran. It’s normal to see some sell-offs and price drops during uncertain times like these.
But here’s the key thing—whales aren’t fazed by short-term dips. They’re playing the long game, and their moves reflect where they see future value. So, keep that in mind as we dive into what they’re buying.
1) DOGE
The first on our list is the king of memecoins, Dogecoin. Yes, whales are seriously stacking up on Doge in this last quarter. Crypto analyst Ali Martinez recently pointed out that Dogecoin is seeing a major spike in activity. Dogecoin just hit its highest number of active addresses in six months, reaching a staggering 84,306 active $DOGE addresses.
#Dogecoin just saw its largest spike in active $DOGE addresses in the past six months, reaching 84,306 active #DOGE addresses! pic.twitter.com/OEOAufZfWj
— Ali (@ali_charts) October 2, 2024
But that’s not all—whale activity is surging too. Earlier this month, whales scooped up around 1.4 billion DOGE tokens, worth about $140 million. That’s a huge move, especially with Dogecoin taking some hits from the Middle East tensions.
So, what does this whale activity mean? It’s a signal. These big players are making moves because they know something big is on the horizon for Doge.
#Dogecoin whales bought over 1.40 billion $DOGE in the past 48 hours, worth around $140 million! pic.twitter.com/mBXMti2y3V
— Ali (@ali_charts) September 26, 2024
And let’s not forget the recent rally. Dogecoin shot up to a monthly high of $0.1154, and one key factor behind this pump was China’s latest economic stimulus. This positive sentiment spilled into the crypto market, boosting coins like Doge. On top of that, there’s been a noticeable decline in DOGE balances across major exchanges like Binance and Bybit. According to CoinGlass, Binance saw $6.12 million worth of Doge withdrawals, while Bybit saw $4.46 million in outflows.
Why does this matter? It shows investors are moving their funds out of exchanges—often a sign they expect Doge’s price to rise and are holding onto their tokens long-term. Dogecoin is one to watch in this last quarter, especially with the whales circling. Something big could be brewing.
2) Bitcoin
Next up is Bitcoin. Yes, whales are still sticking with Bitcoin because that’s the smart thing to do. Trading at $61,338.33, Bitcoin has been down by 6% in the last 7 days. Seasoned investors and analysts aren’t fazed by this. They see it as just a small bump on the road to a much bigger bullrun ahead. There’s been some selling pressure, partly due to the situation in the Middle East, but that’s mostly from smaller holders. The big players, the whales, aren’t budging. They’re doubling down.
CryptoQuant’s founder, Ki Young-Ju, pointed out that newer whales are aggressively accumulating Bitcoin. This level of buying is unlike anything we’ve seen before and reflects growing confidence in Bitcoin’s long-term future. Just this week, popular analyst Ali Martinez revealed that these whales have scooped up over 50,000 BTC—worth about $3.15 billion—in just ten days.
Look at how fiercely the new whales are stacking #Bitcoin; this market has never seen such accumulation. pic.twitter.com/o314O54G0a
— Ki Young Ju (@ki_young_ju) October 2, 2024
Then, there’s Whale Alert, which reported a dormant address holding 100 BTC (valued at $6.1 million) was reactivated after nearly 11 years. And it doesn’t stop there—Ceffu, an institutional digital asset platform, made headlines by purchasing 3,372 BTC worth a whopping $204 million on Binance.
BREAKING NEWS
Amid the #Bitcoin dip, CEFFU has scooped up a massive 3,372 BTC worth $204 MILLION on Binance!
While retail traders are panicking, the whales are quietly loading up their bags. The smart money knows what’s coming! pic.twitter.com/coJPvehfr0
— Cryptoziq (@crypt0ziq) October 4, 2024
What’s Next for Bitcoin?
Analysts are still optimistic. Some believe Bitcoin could revisit its all-time high and get to the $100,000 mark. Others expect a more conservative target of $75,000 to $80,000 by the end of the year, depending on whether it can break through key resistance at $70,000.
Looking at historical trends, October tends to be a strong month for Bitcoin, with average gains of around 23%. Let’s watch how things unfold.
3) XRP
XRP whales are getting active in this last quarter. On-chain data shows large quantities of XRP being moved from exchanges to wallets. One whale recently moved 28,900,823 XRP from Binance to an unknown wallet. This often signals accumulation.
When large amounts of cryptocurrency are moved off exchanges and into private wallets, it’s often a sign that the holder intends to hold onto the assets for the long term rather than trade them immediately.
28,900,823 #XRP (15,126,001 USD) transferred from #Binance to unknown wallethttps://t.co/d3UtHSAnc2
— Whale Alert (@whale_alert) October 4, 2024
In another big transaction, 30 million XRP (worth around $15.7 million) was transferred from the Indodax exchange to another unknown wallet. And it doesn’t stop there— whales have scooped up over 470 million XRP in just ten days, signaling growing interest in the token.
Aside from whale activity, XRP has enjoyed a stronger social media presence. And there’s also been a huge surge in transaction volume. It recently hit an eight-month high of $2.39 billion in transaction volume, boosted by Bitwise’s filing to launch an XRP-based ETP in the U.S. While many believe approval is unlikely anytime soon, the filing added credibility to XRP.
BREAKING: #XRP whales have made significant purchases, acquiring over 470 million XRP tokens within the last ten days! pic.twitter.com/6PQp5Hi81X
— JackTheRippler © (@RippleXrpie) September 30, 2024
However, XRP faced a setback recently when the SEC appealed its case against Ripple. As expected, XRP reacted badly to this news, tanking by over 10% since then. We don’t expect any change to the ruling anytime soon. But, Ripple’s drama with the SEC will cast a shadow over the XRP coin.
Looking ahead, XRP’s price will likely be influenced by the ongoing accumulation from whales and how the Ripple case unfolds. If XRP can shake off the legal uncertainty, it might have a brighter future, especially with the growing whale interest and potential ETP buzz.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post 3 Coins Crypto Whales Are Buying for Q4 of 2024 appeared first on Altcoin Buzz.
This articles is written by : Fady Askharoun Samy Askharoun
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