Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
XRP Whales Make Big Moves Amid Price Volatility

XRP Whales Make Big Moves Amid Price Volatility

Cryptodnes2024/07/19 16:34
By:Cryptodnes

Popular altcoin XRP is experiencing significant whale activity amidst ongoing price volatility.

Recent blockchain data reveals that major investors are making substantial moves with XRP , hinting at a potential shift in market trends.

Recent reports show that whales have amassed approximately 47 million XRP, valued at around $25.86 million, despite recent price drops. Notable transactions include 22 million XRP transferred from Upbit and 24.8 million XRP moved from Binance to undisclosed wallets.

These large acquisitions during price declines suggest that major investors might be positioning for a future upswing.

READ MORE:
Bitcoin and Ethereum Options Worth $1.8 Billion Set to Expire Today

Conversely, some large holders have also sold about 75 million XRP to various exchanges, a move interpreted by some analysts as profit-taking rather than a sign of bearish sentiment.

XRP is currently priced at $0.5554 with a 24-hour trading volume of $2.175 billion. Although it has dropped 4.55% over the past day, it has gained 18.5% over the past week.

Investors are waiting for the outcome of the SEC vs. Ripple case, which will most likely have a massive impact on the price of XRP.

If SEC deems that XRP is not a security, we could witness significant gains, while if Ripple lose, we can expect a plunge.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!