In the fourth week of December 2024, market whales acquired a significant amount of Dogecoin (DOGE), Injective (INJ), and PAAL AI (PAAL). The number of Dogecoin whale addresses increased from 660 on December 20 to 671 on December 26, indicating more accumulation of this currency by whales. This growth coincided with Dogecoin’s 8.51% price drop last week, reaching a market value of $46.46 billion. Meanwhile, Dogecoin’s 24-hour trading volume decreased by 13.53%, indicating a slowdown in market activities. However, whale accumulation may help stabilize the currency’s price in the future. Injective also regained whale attention after a period of inactivity. From December 19, the number of addresses holding between 100,000 to 1 million INJ increased from 40 to 43, and addresses holding between 10,000 to 100,000 INJ tokens rose from 84 to 90. This was concurrent with a 10.28% price drop in Injective over the past week, bringing its market value to $2.02 billion. The increased whale activity reflects large investors’ confidence in this currency, potentially strengthening its price performance. Meanwhile, PAAL digital currency saw a 70% growth in the last 30 days and a 6.42% price increase last week due to attention to AI and crypto-related projects. Notably, the number of wallets holding between 100,000 to 1 million PAAL increased from 477 on December 19 to 490, which stabilized over the past two days. This stability indicates investors’ retention and their confidence in the coin’s further growth potential. However, this stability may also signal PAAL entering a price stabilization phase. You can check the real-time prices of all tokens and cryptocurrencies on the Instant Digital Currency Prices page.
