April has been a volatile month for Bitcoin and other cryptocurrencies, but the turbulent waters have not shaken the resolve of crypto whales, who have continued to dive even deeper. According to crypto analytics platform, Santiment, Bitcoin whales (defined as wallets having more than 10,000 coins) have accumulated around 90,000 coins of the foremost cryptocurrency. April has been a very volatile month for Bitcoin, with the coin hitting a peak at circa $65,000 and also dipping to lows of circa $47,000. Roughly 60,000 coins went to whales’ wallets after Bitcoin printed the month’s peak on April 13^th. This means that whales increased purchases when Bitcoin was retracing during the month. But buying activity was not only limited to Bitcoin during the month but with altcoins also enjoying the party.

Santiment data shows that crypto whales were also in action on Ethereum and XRP. The number of Ethereum whales also increased to a record high of 1,311. The data also showed that whales controlled a huge number of Ethereum tokens (80 million against a total circulating supply of circa 115.6 million). Ethereum has had an impressive month so far, rallying over 43%. The token jumped from below $2000 at the start of the month and continues to linger around its all-time high of circa $2800. The analytics company also notes that many new Ethereum addresses have been created during the month, providing another tailwind fundamental for the respected altcoin. The year 2021 has many positive fundamentals for the token including the Ethereum 2.0 upgrade.

The sentiment among whales on XRP has also changed during the month. The token has had a challenging few past months as it had to deal with delisting from major exchanges as well as a series of legal pressures from the US SEC. Whales dumped their significant holdings during that period but their sentiment has clearly changed during the month. Santiment data shows that 19 new addresses have emerged since April 23^rd holding more than 1 million XRP. XRP started the month with its price below $0.6 but it managed to print a peak price of above $1.8 on 14^th April. It is set to close out the month with a resilient tone above $1.6. XRP has recorded a few wins in its ongoing legal tussles with the US SEC, and this will likely keep the whales bullish.