XRP remains a favorite among investors. A recent report revealed that the 2,000 largest whales on the Binance Smart Chain (BSC) network hold a massive 72.8 million XRP tokens valued at $28.4 million. According to figures from WhaleStats, the top 2,000 BSC whales are currently HODLing $28,400,326 worth of XRP tokens. This holding represents 2% of the total cumulative bag of these whales and puts XRP on the top 10 list of largest single holdings.
The WhaleStats website stats revealed that the top 100 whales hold a whopping 70.83 million XRP, currently valued at $27.2 million. This represents 2.38% of their total cumulative holdings. XRP also secures the sixth position on the list of most purchased tokens by these whale addresses as of press time.
This surge in whale purchases comes when deep-pocketed addresses have taken to shuffling millions of XRP tokens. Whale Alert recently revealed that a wallet amassed 150 million XRP worth $58.4 million as the asset attempted to solidify its position above $0.40. Shortly after, several whale addresses shuffled 76.7 million XRP tokens in two separate transactions. The first transaction involved the transfer of 34 million XRP from an unidentified wallet to Bitstamp, while the second saw the movement of 42.7 million XRP between two Bitso addresses.
This comes shortly after The Crypto Basic disclosed that Binance and Crypto.com had moved 223M XRP tokens in the wake of the latest market-wide rally. Despite the rally, the asset’s mission to tower above the $0.40 price zone has recently been met with resistance. XRP is trading for $0.3882 as of press time, down 2.89% in the past 24 hours.
The XRP market is currently dominated by whales, with the top 2,000 whales on BSC holding 72.8 million XRP tokens worth $28.4 million. This represents 2% of their total cumulative holding of whales. The top 100 whales hold a whopping 70.83 million XRP, currently valued at $27.2 million. This represents 2.38% of their total cumulative holdings.
The recent surge in whale purchases has been accompanied by the shuffling of millions of XRP tokens. Whale Alert recently revealed that a wallet amassed 150 million XRP worth $58.4 million as the asset attempted to solidify its position above $0.40. Shortly after, several whale addresses shuffled 76.7 million XRP tokens in two separate transactions.
The XRP market is currently dominated by whales, and this dominance is likely to continue in the near future. Despite the recent rally, the asset’s mission to tower above the $0.40 price zone has recently been met with resistance. XRP is trading for $0.3882 as of press time, down 2.89% in the past 24 hours.
Whale activity has been on the rise in the XRP market, and this trend is likely to continue in the near future. Deep-pocketed investors have been taking advantage of the asset’s low price and accumulating large amounts of XRP. This activity has been accompanied by the shuffling of millions of XRP tokens, indicating that whales are looking to capitalize on the asset’s potential.
It remains to be seen how the XRP market will react to the increasing whale activity. The asset’s mission to break the $0.40 price zone has been met with resistance, and it remains to be seen if whales will be able to push the asset to new heights. In the meantime, investors can expect to see more whale activity in the XRP market in the near future.
