{"id":542912,"date":"2023-07-17T10:30:28","date_gmt":"2023-07-17T10:30:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=542912"},"modified":"2023-07-17T10:00:23","modified_gmt":"2023-07-17T10:00:23","slug":"xrp-whales-ride-the-crypto-surge-as-ripple-token-notches-62-price-spike","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/xrp-whales-ride-the-crypto-surge-as-ripple-token-notches-62-price-spike\/","title":{"rendered":"XRP Whales Ride The Crypto Surge, As Ripple Token Notches 62% Price Spike"},"content":{"rendered":"

XRP is now witnessing a surge in network activity as prominent holders of the cryptocurrency make their moves.\u00a0<\/span><\/p>\n

The latest findings from Lookonchain, a renowned data analytics firm, shed light on the purchase and <\/span>sale patterns of XRP whales<\/span><\/a> on the Binance Smart Chain (BSC), signaling a potential rise in selling activity within the market.<\/span><\/p>\n

Ripple’s triumph over the SEC has undoubtedly injected a fresh wave of confidence into the XRP community. With the regulatory cloud dissipating, investors and holders are now eager to capitalize on the newfound clarity surrounding the token’s status. <\/span><\/p>\n

As a result, the actions of these notable whales have become a focal point of interest for market observers and enthusiasts alike.<\/span><\/p>\n

Related Reading: USTC Surprises With Nearly 60% Rally \u2013 What\u2019s Going On?<\/a><\/div>\n

XRP Whales’ Purchasing Habits Revealed: Insight From Lookonchain<\/strong><\/h2>\n

Based on analysis by <\/span>Lookonchain<\/span><\/a>, the transactional behavior of four influential whales has come to light. Each of these whales demonstrates distinct patterns in their purchasing habits, shedding light on their strategies within the crypto market.<\/span><\/p>\n

\n

1\/ Did whales sell $XRP<\/a> as the price of $XRP<\/a> rises?<\/p>\n

Let’s check the top 4 whales of $XRP<\/a> on the #BSC<\/a>.\ud83d\udc47 pic.twitter.com\/cwkXIcK6s2<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) July 15, 2023<\/a><\/p><\/blockquote>\n

One of the whales, known as “0xf522,” has amassed a staggering 25 million XRP, equivalent to $18 million, between April 22 and November 24, 2022. Interestingly, this particular whale has refrained from selling any of their holdings thus far.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Source: Lookonchain<\/a><\/pre>\n
Another notable participant, identified as “0x513d,” acquired 10 million units of the coin at an average price of $0.45 per token. Following the recent surge in XRP’s value, this whale has deposited 5.4 million XRP, worth around $4.3 million, into Binance.<\/span><\/p>\n
Related Reading: Shiba Inu Encounters Familiar Resistance, Prompting Concerns About Bull Run<\/a><\/p>\n
By taking advantage of the recent price rally, “0x513d” demonstrates a more proactive approach, capitalizing on the upward momentum of XRP.<\/span><\/p>\n
\"\"<\/p>\n
Source: Coingecko<\/pre>\n
At present, <\/span>Coingecko<\/span><\/a> displays XRP’s price at $0.7412, reflecting a 2.9% rally within the past 24 hours alone. Over the course of the previous seven days, XRP has experienced a remarkable surge of 58.6%.\u00a0<\/span><\/p>\n
Ex-Ripple Chief Affirms Company’s Limited Market Influence Amid XRP’s Surge<\/strong><\/h2>\n
Meanwhile, Matt Hamilton, the former Director of Developer Relations at Ripple, <\/span>clarified on Twitter<\/span><\/a> that Ripple’s influence on the market is relatively constrained when considering the global daily sales volume of XRP. <\/span><\/p>\n
\n
Ripple are the single largest holder of XRP with something like 48B XRP. Most of it is held in escrow contracts that release each month. Ripple sell a small portion of that and put the rest back in new escrow contracts.<\/p>\n
\u2014 Matt Hamilton (@HammerToe) July 16, 2023<\/a><\/p><\/blockquote>\n
This assertion holds true even in light of the recent surge in XRP’s value following the resolution of the Ripple-SEC case.\u00a0<\/span><\/p>\n
He stressed that the price movements of XRP are primarily governed by market forces and the performance of Bitcoin (BTC), underscoring the interplay between these factors in shaping the cryptocurrency’s trajectory.<\/span><\/p>\n
<\/p>\n
XRP market cap closing in to the $39 billion level. Chart: TradingView.com<\/a><\/pre>\n
Hamilton explicitly stated that Ripple does not have authority over either XRP or the XRP Ledger (XRPL), ensuring any misunderstandings are clarified. In order to stress this notion further, he proposed the potential scenario where Ripple’s complete XRP holdings could be eradicated if the XRP community deemed it appropriate.<\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Blockchain News<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
XRP is now witnessing a surge in network activity as prominent holders of the cryptocurrency make their moves.\u00a0 The latest findings from Lookonchain, a renowned data analytics firm, shed light on the purchase and sale patterns of XRP whales on the Binance Smart Chain (BSC), signaling a potential rise in selling activity within the market. Ripple’s triumph over the SEC has undoubtedly injected a fresh wave of confidence into the XRP community. With the regulatory cloud dissipating, investors and holders are now eager to capitalize on the newfound clarity surrounding the token’s status. As a result, the actions of these notable whales have become a focal point of interest for market observers and enthusiasts alike. Related Reading: USTC Surprises With Nearly 60% Rally \u2013 What\u2019s Going On? XRP Whales’ Purchasing Habits Revealed: Insight From Lookonchain Based on analysis by Lookonchain, the transactional behavior of four influential whales has come to light. Each of these whales demonstrates distinct patterns in their purchasing habits, shedding light on their strategies within the crypto market. 1\/ Did whales sell $XRP as the price of $XRP rises? Let’s check the top 4 whales of $XRP on the #BSC.\ud83d\udc47 pic.twitter.com\/cwkXIcK6s2 \u2014 Lookonchain (@lookonchain) July 15, 2023 One of the whales, known as “0xf522,” has amassed a staggering 25 million XRP, equivalent to $18 million, between April 22 and November 24, 2022. Interestingly, this particular whale has refrained from selling any of their holdings thus far.\u00a0 Source: Lookonchain Another notable participant, identified as “0x513d,” acquired 10 million units of the coin at an average price of $0.45 per token. Following the recent surge in XRP’s value, this whale has deposited 5.4 million XRP, worth around $4.3 million, into Binance. Related Reading: Shiba Inu Encounters Familiar Resistance, Prompting Concerns About Bull Run By taking advantage of the recent price rally, “0x513d” demonstrates a more proactive approach, capitalizing on the upward momentum of XRP. Source: Coingecko At present, Coingecko displays XRP’s price at $0.7412, reflecting a 2.9% rally within the past 24 hours alone. Over the course of the previous seven days, XRP has experienced a remarkable surge of 58.6%.\u00a0 Ex-Ripple Chief Affirms Company’s Limited Market Influence Amid XRP’s Surge Meanwhile, Matt Hamilton, the former Director of Developer Relations at Ripple, clarified on Twitter that Ripple’s influence on the market is relatively constrained when considering the global daily sales volume of XRP. Ripple are the single largest holder of XRP with something like 48B XRP. Most of it is held in escrow contracts that release each month. Ripple sell a small portion of that and put the rest back in new escrow contracts. \u2014 Matt Hamilton (@HammerToe) July 16, 2023 This assertion holds true even in light of the recent surge in XRP’s value following the resolution of the Ripple-SEC case.\u00a0 He stressed that the price movements of XRP are primarily governed by market forces and the performance of Bitcoin (BTC), underscoring the interplay between these factors in shaping the cryptocurrency’s trajectory. XRP market cap closing in to the $39 billion level. Chart: TradingView.com Hamilton explicitly stated that Ripple does not have authority over either XRP or the XRP Ledger (XRPL), ensuring any misunderstandings are clarified. In order to stress this notion further, he proposed the potential scenario where Ripple’s complete XRP holdings could be eradicated if the XRP community deemed it appropriate. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Blockchain News<\/p>\n","protected":false},"author":557,"featured_media":542921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,8686,4735,3680,13172],"class_list":["post-542912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-ethusd","tag-price-action","tag-ripple","tag-xrp-price"],"acf":[],"yoast_head":"\nXRP Whales Ride Crypto Surge, As Crypto Notches 62% Spike<\/title>\n<meta name=\"description\" content=\"XRP is now witnessing a surge in network activity as prominent holders of the cryptocurrency make their moves.\u00a0 The latest findings from Lookonchain, a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Whales Ride The Crypto Surge, As Ripple Token Notches 62% Price Spike","url":"http:\/\/uniquehot.com\/news\/xrp-whales-ride-the-crypto-surge-as-ripple-token-notches-62-price-spike\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/xrp-whales-ride-the-crypto-surge-as-ripple-token-notches-62-price-spike\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-105.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-105.png?fit=625%2C327"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","ethusd","price action","ripple","xrp price"],"dateCreated":"2023-07-17T10:30:28Z","datePublished":"2023-07-17T10:30:28Z","dateModified":"2023-07-17T10:30:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Whales Ride The Crypto Surge, As Ripple Token Notches 62% Price Spike\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/xrp-whales-ride-the-crypto-surge-as-ripple-token-notches-62-price-spike\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/xrp-whales-ride-the-crypto-surge-as-ripple-token-notches-62-price-spike\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-105.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-105.png?fit=625%2C327\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"ethusd\",\"price action\",\"ripple\",\"xrp price\"],\"dateCreated\":\"2023-07-17T10:30:28Z\",\"datePublished\":\"2023-07-17T10:30:28Z\",\"dateModified\":\"2023-07-17T10:30:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/a-105.png?fit=625%2C327","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/542912"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=542912"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/542912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/542921"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=542912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=542912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=542912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}