XRP Whales Purchase $7 mn Worth Of Tokens
XRP has experienced a quiet price performance in the past week, but recent data indicates massive on-chain activity in the last seven days. Large investors are taking advantage of the cryptocurrency’s sluggish performance to increase their portfolios. Crypto analyst Ali Martinez revealed significant whale activity in the XRP market, purchasing 11 million tokens worth roughly $6.82 million in the last seven days.
This suggests growing interest among major holders and large investors, potentially indicating a potential price rebound. However, recent blockchain data suggests that a potential price upswing for the altcoin might be a little far-fetched. A particular whale transferred over 50 million tokens worth approximately $31 million to centralized exchanges, with the major holder transferring 25 million coins to Bitstamp and 25.2 million tokens to Bitso.
(With inputs from Shikha Singh)
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