Cryptocurrency Whale Purchases in the First Week of July

🟢 The first week of July proved challenging for the market. Despite increased selling, large investors (“whales”) continued to add certain altcoins to their wallets, which some might consider undervalued.

🟢 Specifically, whales actively purchased Dogecoin (DOGE), Optimism (OP), and Pepe (PEPE). DOGE’s price dropped significantly over the past seven days, but this didn’t stop large players from buying more of the meme coin. Based on an average price of $0.11, whales bought $23.74 million worth of Dogecoin in the first week of July, marking a 175.44% increase compared to the last week of June.

🟢 However, considering the current state of the market, the mere fact of whales accumulating the asset may not be enough to prevent further price decline.