While the broader crypto market has bounced, Bitcoin up 2.2%, Ethereum surging 10.1%, and XRP gaining 6.5%, whales are not chasing every rally. Instead, large holders are moving selectively, concentrating their bets on tokens where they see the strongest risk-reward.
This divergence explains why some assets remain range-bound despite the broader recovery, while others are attracting heavy inflows. Tracking what coins crypto whales are buying after Powell’s Jackson Hole speech offers a clearer picture of where big money expects momentum to build next. Read on as we have identified three such coins.
Cardano (ADA)
Cardano has quickly joined the list of altcoins crypto whales are buying as optimism builds around potential September rate cuts following Powell’s Jackson Hole speech. While Ethereum and other majors surged aggressively, ADA’s rally has been steadier, suggesting it may still have room to catch up.
On-chain data shows renewed whale interest. Wallets holding between 10 million and 100 million ADA lifted their balances from 12.97 billion to 13.08 billion ADA in just 24 hours. That’s an addition of 110 million ADA, worth roughly $102 million at the current price of $0.93.
Meanwhile, mega whales holding more than 1 billion ADA had already moved earlier in August, raising their stash from 1.82 billion to 1.88 billion ADA; an increase of about 60 million ADA, valued at almost $55.8 million.
This scale of accumulation highlights conviction among large holders that ADA could benefit strongly if the Fed confirms easing in September.
Go to Source to See Full Article
Author: Ananda Banerjee
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
