Despite a recent market downturn, large-scale investors are increasingly accumulating Cardano and XRP. On-chain data indicates significant whale activity for both cryptocurrencies, with August seeing multi-month highs in transactions valued at over $100,000. Specifically, XRP wallets holding between 1 million to 10 million tokens increased their holdings by 300 million tokens, raising their total to 6.72 billion. Similarly, Cardano cohorts added 30 million tokens, totaling 5.55 billion. While XRP is down by approximately 4.5% and Cardano by 6.2% in the last 24 hours due to Bitcoin's significant price drop, experts believe the current correction is healthy for the market. The bullish sentiment among whales could be linked to broader market recovery expectations, including potential geopolitical stability in the Russia-Ukraine conflict and a predicted rate cut from the U.S. Federal Reserve. Overall, XRP’s year-to-date return is around 15%, driven by favorable regulatory outcomes, while Cardano has started to rebound following recent ETF filing news.

Source 🔗