PK Press Club – Cryptocurrency analyst and trader Ali Martinez took to his account on social media giant last days.
100 million XRP in motion
The analyst shared a chart produced by popular on-chain data aggregator Santiment which revealed that cryptocurrency whales have started a massive buying spree in the market. Over the past two days, they have accumulated an incredible 100,000,000 XRP. These were large wallets, each containing between 1,000,000 and 10,000,000 XRP.
At the current exchange rate, this amount of Ripple-affiliated coins is valued at $327,484,478, with XRP changing hands at $3.27 per coin.
According to the chart, over the previous two days, whales sold a significant amount of XRP: “Whales purchased over $100 million worth of XRP in the last 48 hours. »
These 100 million XRPs were purchased as the third-largest cryptocurrency by market cap size plunged, losing more than 10%, from around $3.27 to $2.92. Today, XRP saw a massive increase of over 14%, from $2.92 to $3.33. XRP followed the price trajectory as the largest cryptocurrency hit a new all-time high of $109,114. Currently, BTC has lost some of its current profits and is trading at $107,468.
40 million XRP deposit hits Binance
As reported by PK Press Club earlier, a slightly smaller XRP chunk, containing 40 million XRP coins, was transferred to the world’s largest crypto exchange Binance from an anonymous cryptocurrency wallet.
While the community took this deposit as a bullish sign, data platform Bithomp XRP revealed that the transfer was actually made by a wallet associated with Binance. So it was an internal crypto transaction.
