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Analysis of wallets holding 1 million to 100 million XRP indicates an increase in accumulation. This accumulation phase intensified as XRP’s price faced downward According to SpotOnChain, a whale named “cookislandstrust.eth” loaded its bags during the August 5 and August 12 retraces. Per the post, the whale purchased 300 Whale activity has picked up in the last 24 hours as major cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP face a market dip. Crypto analyst Ali Martinez A mysterious and unidentified ETH whale purchased a whopping 129 million HEX worth a staggering $28 million during the dip. HEX is down -9.1% since yesterday and Whales made the most out of HEX’s recent dip by accumulating bag loads of coins to their portfolio. In just two days, whales purchased $1.2 million worth of HEX and are Whales Buy 28 Million HEX During the Dip Making its Price Shoot 20% Its price slumped from $0.44 to under $0.37 before it bounced back to well above $0.4. During this crisis, DOGE whales accumulated 210 million of the asset. Dogecoin

Whales Buy 28 Million HEX During the Dip, Making Its Price Shoot Up 20%

The recent market dip presented a golden opportunity for cryptocurrency whales, and they seized it with both hands. In a significant move, a mysterious ETH whale snapped up a staggering 129 million HEX, worth $28 million, during the dip. This massive purchase has sent shockwaves through the HEX community, triggering a notable price surge.

HEX experienced a price slump, dropping from $0.44 to under $0.37. However, the injection of funds from these large-scale buyers has fueled a powerful recovery, propelling the price well above $0.4, representing a 20% increase.

Whale Activity Intensifies During the Dip

Whale activity has been picking up across various cryptocurrencies in the last 24 hours, as Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), and XRP all faced market downturns. Whales appear to be strategically accumulating during these dips, positioning themselves for potential future gains. Crypto analyst Ali Martinez notes the increased whale activity and its impact on market dynamics.

Similarly, Dogecoin whales accumulated 210 million DOGE during this crisis, showcasing the widespread trend of strategic accumulation amidst market volatility.

HEX Accumulation: A Closer Look

Whales made the most out of HEX's recent dip, adding substantial bags of coins to their portfolios. In just two days, whales purchased $1.2 million worth of HEX, demonstrating a strong belief in the long-term potential of the cryptocurrency. A specific whale, identified by SpotOnChain as “cookislandstrust.eth,” actively loaded up during the August 5 and August 12 retraces. While the specific amount they added wasn't identified in the provided info, it adds to the accumulating evidence that large investors are buying this dip.

XRP Whale Accumulation Parallels

The accumulation of HEX by whales mirrors similar trends observed in other cryptocurrencies. For example, analysis of wallets holding 1 million to 100 million XRP indicates an increase in accumulation. This accumulation phase intensified as XRP’s price faced downward pressure, further illustrating the strategic approach of whales to capitalize on market dips.

HEX Price Analysis and Future Outlook

Despite HEX being down -9.1% since yesterday, the large scale whale purchases signals a growing interest. The recent price surge following the whale purchase suggests a potential for further upward momentum. It's important to do your own research and consider all risk factors before investing in any cryptocurrency.

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