With December on the horizon, crypto whales are making significant moves, signaling where they believe the next wave of strength will emerge. Rather than selling off in anticipation of the late-November volatility, large holders are increasing their stakes in a mix of mid- and large-cap stocks.
As prices stabilize, there’s a growing number of people buying in, and this accumulation holds increasing importance. Such trends can provide whales with early insights into which assets they think might yield profits in December.
Ethena (ENA)
Ethena (ENA) has emerged as a standout indication of what crypto whales are targeting for potential gains this month. The token has surged 21.3% over the last week, and rather than cashing in on this momentum, large holders are choosing to add more to their positions.
A prominent whale wallet raised its ENA holdings by 2.84% this past week, bringing its total to about 39.88 million ENA, which is roughly an additional 1.1 million tokens. Meanwhile, the top 100 whale addresses have increased their total by around 0.35%, acquiring nearly 50 million ENA. Such buying behavior during a strong performance usually reflects confidence in further price increases.
On the 12-hour chart, Ethena continues to trade within a symmetrical triangle, highlighting a standoff between buyers and sellers, with a pivotal level at $0.28. Since November 25, attempts to push higher have been rejected, and a decisive daily close above this resistance could pave the way for a move towards $0.30 or possibly $0.32.
If ENA cannot maintain the $0.27 level, particularly if whale demand fades, it risks dropping below the triangle’s lower boundary, potentially returning to $0.21.
XRP (XRP)
XRP is another asset that crypto whales are accumulating, likely eyeing profits for December. The buying momentum here seems considerably stronger compared to Ethena. Two major whale groups have been actively increasing their holdings throughout the final days of November.
The largest wallets, holding over 1 billion XRP, have collectively added approximately 150 million XRP since November 25, translating to around $330 million in new investments at current prices. The cohort holding between 10 and 100 million XRP has also been particularly active, adding roughly 970 million XRP since November 23, which equates to about $2.13 billion.
As XRP trades near $2.20, this fresh influx of whale activity coincided with a week where the token rose by over 16%, reinforcing the notion that these buyers are gaining rather than losing ground.
XRP is at a critical juncture; it spent almost two months defending the support level at $1.77, which was tested on two occasions in October and late November, forming an early double bottom pattern. This base could serve as a foundation for strength in December.
For the rally to persist, XRP needs to surpass the resistance level of $2.30, which has halted all upward moves since mid-November. A daily close above this zone could unlock further supply clusters at $2.45 and $2.61.
However, if XRP dips below $2.11, it might trigger a deeper pullback to $1.81, especially if whale accumulation shifts to distribution.
Cardano (ADA)
Cardano is also in focus, as it appears crypto whales are rotating into large-cap stocks again. Two significant ADA cohorts have been active purchasers over the last phase of November.
The largest holder, who controls over 1 billion ADA, began acquiring additional tokens on November 24, ultimately amassing a total of 130 million ADA. Another group, holding between 10 million and 100 million ADA, started buying on November 26 and added 150 million ADA. Both groups turned net positive within a few days, indicating a boost in confidence even while prices hover near recent lows.
ADA is trading around $0.41, and the whale accumulation reflects a substantial influx of capital back into the market. This buying trend coincided with a modest 5% week-on-week recovery for ADA, which adds a layer of significance to the activity.
On the 12-hour chart, ADA is displaying a typical bullish divergence. The prices dipped to new lows between November 4 and November 21, while the RSI showed higher lows during the same period. Such divergence often hints at an impending trend reversal, and there are early signs suggesting a possible shift.
ADA will need to secure a firm close above $0.43 for December gains to solidify. Breaking through this level could set the stage for movement toward $0.52, flipping the short-term structure bullish. Conversely, if ADA falls below $0.38, it could weaken the bullish setup and negate the reversal signals.
