Whales in this case are defined as large investors who hold typically 1million to 10 million XRP or more
Good news for XRP
Since 5/12/24, whales have accumulated 120 million XRP , which is worth around $288 million. Shows that large investors have been buying up XRP
Bad news for XRP
Over the past 3 days, XRP investors have realised more than 4 billion in profits. This profit taking at such a large scale is a contributor to the recent drop in price
Insights
The combination of whale activity and institutional involvement is shaping these price movements.
In my opinion, the fact that whales are actively participating in the market (both selling and buying) suggests that they see potential value in XRP.
However, these Whale actions create huge volatility. So be careful
Sources: TradingView and KuCoin
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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cryptonerd
OP
:
And I am not biased. All of my claims are backed by sources. I'm an ADA holder and i did say that ADA will have a huge drop last week based off indicators and i was right. I lost money but I'm HODLing
cryptonerd OP : And I am not biased. All of my claims are backed by sources. I'm an ADA holder and i did say that ADA will have a huge drop last week based off indicators and i was right. I lost money but I'm HODLing