Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Market intelligence platform Santiment recently revealed how XRP whales look to be going all in on XRP following significant purchases of the crypto token. Notably, these buys are said to be the most since Ripple\u2019s partial victory over the Securities and Exchange Commission (SEC).\u00a0 XRP Records 217 Whale Transactions Santiment stated in an X (formerly Twitter) post the XRP Ledger processed 217 \u2018$1 million whale transactions\u2019 on the network on January 31. This happens to be the most transactions of such magnitude recorded in a single day since Judge Analisa Torres ruled that XRP wasn\u2019t a security in itself last year July.\u00a0 Related Reading: Bitcoin To $5 Million? S2F Model Predicts When This Will Happen Just like Santiment noted, such an occurrence has the potential to impact XRP\u2019s price positively. XRP had risen to as high as $1 on the back of Judge Torres\u2019 ruling as it strengthened the conviction of the altcoin’s holders, who then decided to double down on their investments. If such a similar scenario plays out again, then XRP is expected to experience price surges soon enough.\u00a0 The market intelligence platform also added that some key signals indicated that XRP was \u201cone of the better candidates for a bounce, assuming Bitcoin Bitcoin can stabilize the rest of the week.\u201d The altcoin had dropped below the crucial support level of $0.5 following Bitcoin\u2019s recent decline. However, it is back above that level as the market shows signs of recovery.\u00a0 Meanwhile, despite XRP\u2019s relatively stagnant price action, these whales do not seem to be worried. Santiment revealed that wallets holding at least 10 million XRP tokens combined to hold 67.2% of the available supply, the most since December 31, 2022.\u00a0 Token price at $0.5 | Source: XRPUSDT on Tradingview.com Binance Freezes $4.2 Million Worth Of Tokens Binance CEO Richard Teng stated in an X post that the crypto exchange had managed to freeze $4.2 million worth of XRP, which was part of the proceeds from the recent XRP exploit. NewsBTC had reported how there was a breach on the personal XRP accounts of Ripple\u2019s co-founder Chris Larsen, which led to the theft of more than 213 million tokens.\u00a0 Related Reading: Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90? Teng also mentioned that the Binance team will help retrieve the remaining funds in any way they can. He added that they were closely monitoring the majority of the funds in the exploiter\u2019s external wallets just in case they tried depositing these tokens to Binance.\u00a0 The exploiter is reported to have laundered some of these funds through crypto exchanges like MEXC, Gate, Kraken, OKX, and HitBTC.\u00a0 Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":572960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,14690,3680,17209,91338,4531,13172,15621,86043,91474,10972,78763],"class_list":["post-572952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-crypto-news","tag-ripple","tag-ripple-news","tag-whales-news","tag-xrp","tag-xrp-price","tag-xrp-price-chart","tag-xrp-whales","tag-xrp-whales-news","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n
XRP Records Highest Single Day Whale Accumulation Since Ripple\u2019s Partial Victory Over SEC<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n