XRP, ADA and Other Altcoins To Stack Before Trump’s Speech In Nashville

Bitcoin has clawed back most of its losses from the week, with traders eagerly awaiting former U.S. President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President appearance at the Bitcoin 2024 conference in Nashville, Tennessee. Interestingly, Bitcoin gained more than 1% today as Trump seems to have shifted his stance on digital currencies this election cycle.

Analyst Altcoin Buzz said that this week, crypto whales have been quietly accumulating several altcoins, showing confidence in their near-term potential despite recent performance dips. Here are the top altcoins:

Arbitrum:

Current Price:  $ 0.38353522

Whale Activity: Despite its major year-to-date decline, Arbitrum has seen a 87% increase in large holder net flow over the past week. This suggests that whales believe in the token’s long-term potential. Arbitrum, a layer-2 scaling solution for Ethereum, aims to improve transaction speed and reduce costs on the Ethereum network. The recent whale accumulation could indicate confidence in its technology and future adoption.

XRP:

Current Price:   $ 2.30181312

Whale Activity: According to Santiment, the number of addresses holding between 100 million and 1 billion XRP tokens has increased since July 23rd. This shows that the supply has risen from 38% to 40%, showing a growing confidence among large holders. XRP has been benefiting from recent legal victories and market sentiment, making it an attractive option for whales.

Cardano:

Current Price:  $ 0.74457635

Whale Activity: Cardano has seen a staggering 10,878% surge in large holder inflows within a single day, surpassing the 5 billion mark. This indicates a significant level of confidence among whales in ADA’s recovery potential. Cardano’s recent upgrades and ongoing development have been positively received by the market, contributing to its attractiveness.

Chainlink

Current Price:  $ 15.21361622

Whale Activity: Chainlink recently integrated its Cross-Chain Interoperability Protocol (CCIP) with TrueFi across Ethereum and Arbitrum blockchain platforms. TrueFi, backed by Coinbase and Chainlink, provides transparent and real-time financial data, enhancing the decentralized finance (DeFi) ecosystem. This integration could drive further adoption and utilization of Chainlink, making it a popular choice among whales.

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