Whales Move Billions Of XRP Following Price Spike

Share This Post

The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even the global crypto market cap is up by 0.11%, reflecting the rate at which most tokens are rallying over the past few days.

A recent WhaleAlert report reveals massive XRP whale transfers happening amid the token’s price surge. The report showed the movement of nearly 429 million tokens (about $167 million) on multiple whale addresses in the last 24 hours.

According to the WhaleAlert, the largest single whale transaction was a transfer of 209 million XRP worth approximately $81 million. The crypto whales added $49 million (about 123 million XRP) in multiple transactions. One whale address accumulated 94.3 million tokens ($38 million) in a transaction from Binance.

XRP Makes Top 1,000 BSC Whales List Following Price Surge

Ripple’s native cryptocurrency, XRP, has recorded a price increase of nearly 12% in the past seven days. Its trading volume has also added by 55% and is now at $1.3 billion. Despite the long-running lawsuit from the SEC against Ripple, XRP’s market cap remained unfazed, being over $19.5 billion.

However, WhaleAlert recorded outflows of Ripple’s native coin on several whale addresses. Several whales moved 97 million of Ripple’s native coin worth approximately $37 million to the Bitstamp crypto exchange.

Aside from the massive whale addresses activity, WhaleStats also reported that XRP tokens ranked the second largest cryptocurrency by dollar value held by the top 1,000 BSC (Binance Smart Chain) whales. The biggest BSC whale now holds about $27.6 million worth of the cryptocurrency.

According to recent data, XRP secured its place on the top 10 purchased cryptocurrencies by the largest BSC whales. It also made the list of the most traded token by BSC whales.

ChatGPT Gives Surprising XRP Price Prediction For March 2023

Meanwhile, Dr. Martin Hiesboeck, head of research at Uphold, recently shared a ChatGPT conversation on Ripple’s native coin via a tweet. ChatGPT is an AI model chatbot developed by OpenAI. It launched on November 2022.

Martin Hiesboeck shared a snapshot of his conversation with the ChatGPT, where he asked the robot about XRP’s moon date. After refusing to answer initially, ChatGPT told the Uphold executive that Ripple’s native coin would moon on March 23, 2023. It also added what looked like a price prediction saying, “XRP to $589,000, up yours XRPP.”

This response cracked members of Ripple’s native coin community up with laughter. Some community members responded with laughter emojis, while few saw it as a forecast that the XRP price might moon. Hiesboeck even wrote that the all-knowing AI ChatGPT has revealed when the token will moon after much persuasion.

John Deaton, blockchain enthusiast and founder of CryptoLaw, also reacted to Hiesboeck’s post, citing what people said about the $589,000 price for Ripple’s native coin. Many predictions have suggested that the crypto may hit the $100 but deemed the $589,000 price unrealistic.

Some say Ripple’s native coin would need to rally almost 200 million percent from its current price before reaching $589,000. However, most analysts might be waiting for the verdict of the Ripple/SEC lawsuit before making predictions.

Whales Move Billions Of XRP Following Price Spike

According to data from CoinGecko, Ripple’s native coin has gained 11.4% in the past seven days and 13.5% in the past 14 days. However, the token trades at $0.3876.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Cardano Aim For 70% Rally, ADA’s Bullish Comeback

The post Cardano Aim For 70% Rally, ADA’s Bullish Comeback appeared first on Coinpedia Fintech News Cardano (ADA) has made a comeback in the market, gaining significant attention from the

TRON’s Memecoin Boom: SunPump, $SUNDOG, and Nexmate.AI Drive Ecosystem Growth

As the memecoin landscape continues to evolve, SunPump has become a crucial platform within the TRON ecosystem, driving engagement and supporting innovative projects As TRON’s premier memecoin

Jack Dorsey’s Block Bets Big on Bitcoin Mining 

Block, Inc has outlined a strategic pivot to expand its presence in bitcoin mining, signaling a commitment to the cryptocurrency sector and its infrastructure needs, according to its recent

Tether’s trade finance division funds first oil deal via USDT

Tether leveraged its USDT stablecoin to fund a $45 million crude oil transaction in the Middle East through its trade finance division, marking the first such deal in the region  According to a

Dogecoin Set To Enter A Parabolic Growth Phase, Here’s What DOGE Must Do

Given the growing optimism and market resiliency in the past few weeks, major crypto assets like Dogecoin have gained notable upward traction As a result, analysts are predicting that the next price

Ethereum Oversold? Researcher Predicts Speculative Surge Could Spark Market Revival

Ethereum has had a rough year, but recent insights from industry insiders indicate a possible comeback Matthew Sigel, VanEck’s Head of Digital Assets Research, recently indicated that Ethereum