As December approaches, crypto whales are starting to make clear moves, and their activity reveals where the big money expects the next phase of strength to come from. Instead of selling ahead of late-November volatility, large holders are increasing their exposure to a mix of mid- and large-cap stocks.
With prices stabilizing, some people are buying them, and the significance of accumulating them is increasing. These patterns can help whales get an early idea of which assets they believe are likely to be profitable in December.
Ethena (ENA)
Ethena (ENA) stands out as one of the clearest signals of what crypto whales are buying for potential gains in December. The token is up 21.3% over the past seven days, and large holders are adding more instead of using that strength to take profits.
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Whale Wallet increased its ENA holdings by 2.84% this week, bringing the total to approximately 39.88 million ENA. This means that the whale picked up about 1.1 million more tokens.
The top 100 addresses or mega whales also increased their balances by about 0.35%, adding nearly 50 million ENA. Whales buying during an already strong week usually signals confidence that more upside is ahead.
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On the 12-hour chart, Ethena is still trading within a symmetrical triangle, indicating a conflict between buyers and sellers. The key level is $0.28. It has rejected all attempts to move higher since November 25, and a clean daily close above this level could enable a move toward $0.30 or even $0.32.
If ENA is unable to sustain $0.27, especially if whale demand cools, there is a risk that it could open the way back below the lower triangle boundary to $0.21.
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XRP (XRP)
XRP is the second asset being purchased by crypto whales, likely aiming for gains in December. The accumulation pattern here is much stronger than that seen at Ethena. Two major whale pods have been actively added to throughout the last week of November.
The largest holders (wallets with more than 1 billion XRP) have added approximately 150 million XRP since November 25th. At current prices, this equates to approximately $330 million in new exposure.
The 10-100 million cohort has been even more active, adding approximately 970 million XRP since November 23rd, equivalent to approximately $2.13 billion at current prices.
With XRP trading near $2.20, this fresh whale exposure entered the market in a week that saw the token rise over 16%. This confirms that these buyers are gaining strength, not weakness.
This rise is at a technological tipping point. XRP spent almost two months defending support at $1.77, a level that was tested twice on October 10 and in late November, forming an early double-bottom structure. That foundation is now the basis of December’s strength.
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For the rally to continue, XRP price will need to break above $2.30, the resistance level that has rejected all attempts to move higher since November 15th. A daily close above that zone will unlock the next supply clusters at $2.45 and $2.61.
The bullish structure will break if XRP falls below $2.11. A deeper retest of $1.81 is likely, but this will only happen if whale accumulation returns to distribution.
Cardano (ADA)
Cardano remains on the list because after XRP, it looks like crypto whales are starting to rotate into large-cap stocks again. Two major ADA cohorts are making purchases during the last period of November.
The largest holder, a wallet with over 1 billion ADA, started adding on November 24th. Since then, they have accumulated a total of 130 million ADA. The group of 10 million to 100 million people started purchasing on November 26th, adding 150 million ADA. Both cohorts turned net positive within a few days, showing renewed confidence even as the tokens trade near recent lows.
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ADA is trading around $0.41 and the accumulation of this whale adds up to a significant amount of capital returning to the market. The buying also occurred at the same time that ADA posted a modest 5% week-on-week recovery, making that recovery even more noteworthy.
On the 12-hour chart, ADA is showing a standard bullish divergence. From November 4th to November 21st, prices reached even lower lows, while the RSI (Relative Strength Index), which measures momentum, reached higher lows.
This type of divergence often indicates that a trend reversal is forming below the surface. Early signs of that change are already emerging.
ADA needs a solid candlestick close above $0.43 for December to build strength. A breakout of this level will open the way to $0.52 and reverse the short-term structure to a bullish direction. If ADA loses $0.38, the bullish setup will weaken and the reversal signal may fail.
