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Whales bought large amounts of Dogecoin (DOGE), Injective (INJ) and PAAL AI (PAAL), highlighting the increase in interest in these coins. DOGE saw the number of whale addresses increase from 660 to 671 over the past week, along with a 5% price increase, bringing its market capitalization to nearly $47 billion.
INJ experienced renewed accumulation from whales, with the number of primary addresses steadily increasing, coinciding with a 6% weekly price increase and a market capitalization reaching $2 billion. Meanwhile, PAAL skyrocketed 94% in the past 30 days, fueled by the crypto-AI trend.
Dogecoin (DOGE)
The number of addresses holding between 10 million and 100 million DOGE increased from 660 on December 20 to 671 on December 26, reflecting the continuing trend of whale accumulation. This growth coincides with DOGE’s 5% price increase over the past seven days, bringing its market capitalization to nearly $47 billion.
The steady increase in the number of holders highlights the growing interest of key market participants, which may support the stability of token prices.
However, Dogecoin’s 24-hour trading volume decreased by 7.5%, indicating a decrease in immediate market activity. Regardless, whale accumulation continues to point to sustained confidence in the asset, potentially laying the groundwork for future price growth.
If the accumulation trend continues, DOGE could maintain its upward momentum, but the decline in volume should also be noted, as reduced trading activity could limit short-term price movements.
Injective (INJ)
After a period of inactivity, whales have continued to accumulate INJ since December 19.
The number of addresses holding between 100k and 1 million INJ has increased from 40 to 43, while the number of addresses holding between 10k and 100k has increased from 84 to 90 during the same period.
Injective has increased 6% in the past seven days, recently reaching a market capitalization of $2 billion. The increase in whale activity shows confidence from large investors, potentially supporting the Token’s momentum.
This accumulation trend could be a positive signal for INJ price in the short term, consolidating recent performance and attracting more attention from the market.
PAAL AI (PAAL)
Whales bought PAAL AI, a project that has grown 94% in the past 30 days, thanks to growing interest in projects at the intersection of crypto and artificial intelligence. The number of wallets holding between 100,000 and 1 million PAAL increased from 477 on December 19 to 490, with this number holding steady over the past two days.
The stability in the number of wallets, despite significant price increases, indicates that investors are maintaining their positions rather than selling off. This may reflect confidence in PAAL’s growth potential.
However, the wallet’s steady performance also suggests that the Token may be entering an accumulation phase, where market participants wait to see further momentum to determine its short-term direction.
General Bitcoin News
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