PakGazette – Cryptocurrency analyst and trader Ali Martinez has taken to his account on social media giant X to share with the community that a whopping 100 million coins have changed hands in the last two days.
100 million XRP on the move
The analyst shared a chart produced by popular on-chain data aggregator Santiment that revealed that cryptocurrency whales have begun a massive buying spree in the market. Over the past two days, they have accumulated a staggering 100,000,000 XRP. They were large wallets, with between 1,000,000 and 10,000,000 XRP each.
At the current exchange rate, this amount of Ripple-affiliated coins is valued at $327,484,478 as XRP is changing hands at $3.27 per coin.
According to the chart, over the previous two days, whales sold a significant amount of XRP: “Whales bought over $100 million XRP in the last 48 hours.”
These 100 million Today, XRP witnessed a massive surge of over 14% as it soared from $2.92 to $3.33. XRP followed the price trajectory as the largest cryptocurrency hit a new all-time high of $109,114. At this point, BTC has lost some of its gains today and is trading at $107,468.
40 million XRP deposit arrives on Binance
As PakGazette previously reported, a slightly smaller chunk of XRP, containing 40 million XRP coins, was transferred to the largest global crypto exchange, Binance, from an anonymous cryptocurrency wallet.
While the community took this deposit as a bullish signal, the Bithomp XRP-focused data platform revealed that the transfer had been made by a wallet associated with Binance. Therefore, it was an internal crypto transaction.
