News View Non-AMP

Major Crypto Whales Are Stacking These Altcoins

Published by
Anjali Belgaumkar

According to analysis from Altcoin Buzz, several altcoins, including XRP, Tellor (TRB), Render, Singular and Fetch.ai (FET) have recently witnessed substantial whale accumulation, hinting at potential bullish trends ahead. 

XRP, Ripple’s native cryptocurrency, has seen a surge in accumulation by whale addresses in the past week. Addresses holding between 1 million and 10 million XRP have collectively purchased over 90 million tokens, amounting to approximately $48 million. This accumulation by whales has historically influenced price action, often preceding market recoveries and rallies. 

Retail investors also show increasing participation, with the number of addresses conducting transactions on the network rising by 28.8% in the past week. This growing optimism among investors could catalyze further price growth, with XRP currently trading at 54 cents and showing signs of potential upward movement.

Meanwhile, Tellor (TRB), a decentralized Oracle Network, has seen its market cap nearly double in early May, reaching an impressive $247 million by May 7th. Analysis indicates a notable increase in whale activity surrounding TRB, with a spike in whale transactions and active addresses observed on May 6th.

Despite the potential for profit-taking amidst this growth, crypto analysts remain optimistic about TRB’s price trajectory. Technical patterns suggest a bullish continuation for TRB, with the formation of higher lows in price action indicating a potential surge of over 35% back to over $261.

AI Innovations Propel Altcoin Gains

Other altcoins, such as Render and Singular, have also experienced notable rallies in recent days. Render has surged more than 50% in seven days, while Singular and other AI-related coins like Fetch.ai (FET) and DeepBrain Chain (DBC) have gained between 17% and 23%, outperforming the broader crypto market. 

The correlation between developments in the AI sector and crypto market dynamics suggests growing investor enthusiasm surrounding Nvidia’s performance, with the chipmaker set to report first-quarter earnings on May 22nd.

Also Check Out : Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR & RNDR Price Close to Triggering a Fresh Upswing

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Bitcoin Price Today Tanks to $98K—But Institutions Are Secretly Buying the Dip

The Bitcoin price went 11%, down from $110K to $98K from June 10th onwards, and…

June 23, 2025

Ethereum ETH Price Prediction 2025, 2026 – 2030: Will Ethereum Price Hit $3k?

Story Highlights The Ethereum price today is . ETH price with a potential surge could…

June 23, 2025

Bitcoin Price Prediction 2025, 2026 – 2030: How High Will BTC Price Go?

Story Highlights Bitcoin is currently trading at: Predictions suggest BTC could reach $175K in 2025.…

June 23, 2025

XRP Holders Are ‘Cosmic Royalty’ Leading a Global Financial Shift

Crypto traders are starting to recover after a weekend of panic selling, triggered by U.S.…

June 23, 2025

Bitcoin SV Price Prediction 2025, 2026-2030: Will BSV Price Hit $100?

Story Highlights The live price of Bitcoin SV is BSV has traded under the 200-day…

June 23, 2025

Bitcoin Cash Price Prediction 2025, 2026 – 2030: Will BCH Hit $1000?

Story Highlights The live price of Bitcoin Cash is Price predictions for 2025 range from…

June 23, 2025