Institutional funds are scrambling! Whales splurge $110 million to increase their holdings in Ethereum and $60 million to buy XRP.

As the Crypto Assets market gradually recovers, the movements of institutional funds and top Whales have become the focus of the market. In the past 30 days, Ethereum (ETH) and Ripple (XRP) not only led the price increase among Mainstream Tokens but also attracted over $110 million in Ethereum and $60 million in XRP large purchases. Does this wave of capital inflow indicate that a new round of bull run is about to begin?

Whales and institutional funds are entering the market in large numbers, with ETH and XRP leading the market

The latest Whale Alert data shows that on Tuesday, a top whale purchased 20 million XRP from Upbit exchange, worth over 60 million dollars.

At the same time, two large investors bought 14,575 ETH and 15,000 ETH from the FalconX exchange, with a total value of over 110 million dollars.

These massive transactions occurred after ETH and XRP rose by 45% and 36% respectively in the past 30 days, further strengthening the market's bullish expectations for these two major assets.

Digital asset funds continue to flow in, and market confidence has significantly rebounded

According to a Coinshare report, Ethereum-related products have seen inflows for 15 consecutive weeks, with an inflow of 134 million USD in the past week, bringing the assets under management (AUM) to 27.488 billion USD.

XRP also performed well, with a weekly capital inflow of $31.26 million, bringing the AUM to $2.275 billion. This reflects the increasing confidence of institutional investors in ETH and XRP, providing solid support for the prices.

The season of altcoins has arrived, and the demand for ETH and XRP may further explode

As the altcoin season index rises to 44, the market demand for mainstream tokens such as ETH and XRP is expected to further increase. The fear and greed index has recovered from last week's low of 48 to 52, indicating that market sentiment is gradually improving. High trading volume and capital inflows are in sync, adding more room for imagination regarding the future performance of ETH and XRP.

Conclusion

Institutional funds and whales have significantly increased their holdings of Ethereum and XRP, becoming the biggest highlight of this round of market recovery. With the altcoin season approaching, ETH and XRP are expected to continue leading mainstream assets. Investors should closely monitor capital flows and market sentiment to seize opportunities in the new round of market trends.

ETH-1.46%
XRP-4.1%
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