The cryptocurrency market remains under pressure as major digital assets experience renewed volatility, triggering caution among retail investors. Despite the downturn, blockchain data reveals that large investors, often referred to as crypto whales, are actively accumulating select tokens, signaling strategic positioning during the correction phase.
Recent on chain metrics show significant accumulation of XRP. Large holders reportedly acquired more than 1 billion XRP tokens through over the counter transactions during the recent market dip. OTC deals allow large participants to execute bulk purchases privately without causing immediate price disruptions on public exchanges. During the same period, XRP experienced sharp price swings, falling steeply before staging a partial recovery. While some large wallets were seen reducing positions, the scale of accumulation suggests that major players are selectively building exposure rather than exiting entirely.
Uniswap’s UNI token also recorded notable whale activity. After declining more than 30 percent over the past month and briefly trading below key support levels, UNI saw approximately 660000 tokens purchased by large wallets. Following this accumulation, the token posted a rapid double digit percentage rebound within 24 hours. Such movements demonstrate how concentrated buying during low liquidity conditions can influence short term price direction. Market participants continue monitoring wallet flows for signs of sustained accumulation.
Ethereum, the second largest cryptocurrency by market capitalization, has similarly attracted whale interest. ETH experienced a sharp decline amid broader market selling, driven in part by leveraged liquidations and macroeconomic uncertainty. However, blockchain tracking platforms reported significant transfers of ETH from centralized exchanges into private wallets. Exchange outflows are often interpreted as an indication of long term holding intent, as tokens moved to cold storage are less likely to be sold immediately.
Reports also indicate that substantial ETH purchases were executed through OTC channels during the correction. At the same time, isolated large sales were observed, including wallets that realized losses during rapid price swings. Despite these mixed signals, aggregate data points to net accumulation by high value investors during the downturn.
Historically, cryptocurrency market cycles have featured phases where large holders accumulate assets during periods of heightened fear and negative sentiment. Current wallet activity surrounding XRP, UNI, and ETH aligns with that pattern. While short term volatility continues, whale positioning reflects ongoing engagement from high capital participants even as retail confidence remains fragile.
Market observers will continue tracking blockchain flows, exchange balances, and OTC volumes to assess whether this accumulation phase strengthens price stability in the coming weeks.
