Crypto whales have started making clear moves as December approaches, and their activity reveals where big money expects the next phase of strength to come from. Instead of selling into the late-November volatility, large holders have been increasing exposure across a mix of mid-caps and large-caps.
The buying has also appeared while prices were stabilising, which makes the accumulation more meaningful. These patterns give an early look at which assets whales believe can deliver gains 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 instead of using that strength to take profit, large holders are adding more.
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Whale wallets have increased their ENA holdings by 2.84% this week, bringing their total to about 39.88 million ENA. That means whales picked up roughly 1.1 million additional tokens.
Top 100 addresses or mega whales also raised their balances by about 0.35%, adding close to 50 million ENA. Whales buying into an already strong week usually signals confidence that more upside is ahead.
ENA Whales: NansenWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
On the 12-hour chart, Ethena still trades within a symmetrical triangle, indicating a buyer-seller standoff. The important level is $0.28. A clean daily close above this level — which has rejected every rally attempt since November 25 — can unlock moves toward $0.30 and even $0.32.
ENA Price Analysis: TradingViewIf ENA fails to hold $0.27, it risks slipping under the lower triangle boundary, opening a path back toward $0.21, especially if whale demand cools.
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XRP (XRP)
XRP is the second asset crypto whales are buying, possibly for potential gains in December. The accumulation pattern here is much stronger than what we saw in Ethena. Two major whale cohorts have been adding aggressively through the final week of November.
The largest holders — wallets with over 1 billion XRP — have added about 150 million XRP since November 25. At the current price, this equals roughly $330 million in fresh exposure.
The 10–100 million cohort has been even more aggressive, adding around 970 million XRP since November 23, worth nearly $2.13 billion at current prices.
XRP Whales: SantimentWith XRP trading near $2.20, this fresh whale exposure entered the market during a week when the token gained more than 16%, which reinforces that these buyers are adding to strength rather than weakness.
This uptick comes at a technical turning point. XRP has spent nearly two months defending the $1.77 support, a level tested twice — on October 10 and again in late November — forming an early double-bottom structure. That base is now the foundation for any December strength.
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For upside continuation, the XRP price must break $2.30, a resistance that has rejected every rally attempt since November 15. A daily close above that zone unlocks $2.45 and $2.61, where the next clusters of supply sit.
XRP Price Analysis: TradingViewIf XRP falls below $2.11, the bullish structure will break down. A deeper retest of $1.81 becomes likely — but this would only happen if whale accumulation flips back to distribution.
Cardano (ADA)
Cardano stays on the list because it seems that crypto whales have started rotating into large caps again, after XRP. Two key ADA cohorts have been buying during the final stretch of November.
The largest holders, wallets with over 1 billion ADA, began adding on November 24. Since then, they have accumulated 130 million ADA in total. The 10–100 million group started buying on November 26 and has added 150 million ADA. Both cohorts turned net positive within days, which shows fresh conviction even as the token trades near its recent lows.
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Cardano Whales: SantimentWith ADA trading near $0.41, this combined whale accumulation represents a meaningful amount of capital returning to the market. The buying also came during the same period when ADA posted a mild recovery, 5% week-on-week, which makes the pickup more notable.
On the 12-hour chart, ADA shows a standard bullish divergence. Between November 4 and November 21, the price reached a lower low, while the RSI (Relative Strength Index), which measures momentum, reached a higher low.
This type of divergence often signals that a trend reversal is forming beneath the surface. Early signs of that shift have already appeared.
ADA Price Analysis: TradingViewFor ADA to build strength in December, it needs a solid candle close above $0.43. A break above that level opens a path toward $0.52, which would flip the short-term structure bullish. If ADA loses $0.38, the bullish setup weakens, and the reversal signal may fail.
Source: https://beincrypto.com/altcoins-crypto-whales-buying-for-december-gains/
