Crypto Whales Show Increased Interest in AAVE, Ondo, and XRP Amidst Market Volatility

This week, the cryptocurrency market has experienced notable volatility, with many digital assets falling to multi-month lows due to widespread uncertainty, particularly related to Donald Trump's trade wars. Despite this challenging climate, the crypto whales have not hesitated to seize opportunities by purchasing select altcoins as anticipation builds for the upcoming White House Crypto Summit.

Aave (AAVE)

AAVE has captured the attention of crypto whales this week. Data indicates that large holders, specifically those owning between 10,000 and 100,000 tokens, have increased their holdings significantly. According to metrics from Santiment, these investors have collectively acquired 50,000 AAVE tokens over the past week, bringing their total holdings to a staggering 3.98 million tokens.

This surge in accumulation has contributed to a positive rally for AAVE, which is trading at $207.61, showing an impressive 14% increase over the past week despite the prevailing market headwinds.

Ondo (ONDO)

Another altcoin drawing the attention of large investors is ONDO, a token based on real-world assets (RWAs). Recent insights from IntoTheBlock reveal an astonishing 10,263% increase in netflow among large holders during this period. These large holders are defined as those who possess at least 0.1% of the asset's circulating supply.

This spike signifies an accumulation of ONDO tokens among whale addresses, which often indicates bullish sentiment and can lead to increased demand. As a result, retail investors may feel pressure to enter the market, further driving up demand and the token's price.

XRP

Whales have also increased their holdings in XRP this week. Santiment's data showcases a rise in the number of tokens held by large investors possessing between 100 million and 1 billion XRP. In the past week alone, this cohort has amassed 320 million tokens, valued at approximately $816 million at current market prices.

XRP is currently trading at $2.54. If the trend of whale accumulation continues, there’s potential for XRP to surpass $3, progressing towards its previous all-time high of $3.40.