Discover the impact of whales accumulating specific cryptocurrencies during the market downturn and their implications for the future prices.
During the recent market downturn, whales took advantage and heavily bought cryptocurrencies such as Worldcoin (WLD), Virtual Protocol (VIRTUAL), and Ondo (ONDO), indicating their increased confidence in these assets. Despite Worldcoin ending 2024 with an 8% decrease, the accumulation of whales led to an unprecedented increase in the number of large addresses holding this cryptocurrency. Virtual Protocol, considered an AI-based cryptocurrency, lost 71% of its value, becoming one of the most affected tokens in the sector. However, whale entries into the market could signal a recovery. On the other hand, Ondo, which saw a 5% growth last week, still maintains its position as a leading project in Real World Assets (RWA) sector.
