Crypto Whales Target ENA, XRP, and ADA for December Gains

Crypto whales are making significant moves across multiple tokens as December approaches, with large holders accumulating ENA, XRP, and ADA during late-November volatility. Their strategic buying patterns reveal where smart money expects the next phase of market strength to emerge.

Instead of selling into recent market volatility, crypto whales have been steadily increasing their positions across a carefully selected mix of mid-cap and large-cap cryptocurrencies. The buying activity has appeared while prices were stabilizing, making the accumulation patterns particularly meaningful for market observers.

These strategic moves by large holders provide valuable insights into which digital assets may deliver substantial gains in December. The data shows clear accumulation patterns across three specific tokens that have caught the attention of major market players.

Ethena (ENA) Sees Major Whale Activity

Ethena stands out as one of the clearest signals of whale confidence for potential December gains. The token has surged 21.3% over the past seven days, yet instead of taking profits, large holders continue adding to their positions.

Whale wallets have increased their ENA holdings by 2.84% this week, bringing their total to approximately 39.88 million tokens. This represents roughly 1.1 million additional ENA tokens accumulated during a period of price strength. The top 100 addresses have also raised their balances by about 0.35%, adding close to 50 million ENA to their holdings.

Technical analysis reveals ENA trading within a symmetrical triangle pattern on the 12-hour chart, indicating a buyer-seller standoff. The critical resistance level sits at $0.28, which has rejected every rally attempt since November 25. A clean daily close above this level could unlock moves toward $0.30 and potentially $0.32.

However, failure to hold the $0.27 support risks sending the price below the lower triangle boundary, potentially opening a path back toward $0.21 if whale demand diminishes.

XRP Attracts Massive Whale Accumulation

XRP demonstrates the strongest whale accumulation pattern among the three assets, with two major cohorts adding aggressively through the final week of November. The largest holders, those with wallets containing over 1 billion XRP, have added approximately 150 million XRP since November 25, representing roughly $330 million in fresh market exposure.

The 10-100 million XRP cohort has shown even more aggressive buying behavior, accumulating around 970 million XRP since November 23. At current prices, this equals nearly $2.13 billion worth of XRP entering these whale wallets during a week when the token gained more than 16%.

This accumulation comes at a technical turning point for XRP. The cryptocurrency has spent nearly two months defending the $1.77 support level, tested twice on October 10 and again in late November, forming an early double-bottom structure that serves as the foundation for potential December strength.

For upside continuation, XRP must break through the $2.30 resistance level that has rejected every rally attempt since November 15. A daily close above this zone would unlock potential moves toward $2.45 and $2.61, where the next supply clusters await. Conversely, a drop below $2.11 would compromise the bullish structure and likely trigger a deeper retest of $1.81.

Cardano (ADA) Shows Renewed Large-Cap Interest

Cardano represents the return of whale interest to large-cap cryptocurrencies following the XRP accumulation. Two key ADA cohorts have been actively buying during the final stretch of November, signaling renewed confidence in the project.

The largest holders, those with wallets exceeding 1 billion ADA, initiated their buying on November 24 and have since accumulated 130 million ADA tokens. The 10-100 million group began purchasing on November 26 and has added 150 million ADA to their holdings. Combined, these whales have accumulated approximately 280 million ADA tokens.

With ADA trading near $0.41, this combined whale accumulation represents significant capital returning to the market. The buying occurred during a period when ADA posted a modest 5% week-on-week recovery, making the accumulation pattern particularly notable for market watchers.

Technical indicators show a standard bullish divergence on the 12-hour chart. Between November 4 and November 21, the price reached a lower low while the Relative Strength Index recorded a higher low, often signaling an underlying trend reversal forming beneath the surface.

For ADA to build December strength, it needs a solid candle close above $0.43. Breaking this level opens a path toward $0.52, which would flip the short-term structure bullish. However, losing the $0.38 support would weaken the bullish setup and potentially invalidate the reversal signal.

Looking Ahead: The clear accumulation patterns across ENA, XRP, and ADA suggest crypto whales are positioning for a potentially strong December. Their strategic buying during price consolidation, rather than during weakness, indicates confidence in near-term upside potential across these selected assets. Market participants should closely monitor the key technical levels identified for each token as December trading begins.