XRP Records Highest Single Day Whale Accumulation Since Ripple’s Partial Victory Over SEC

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	6,072,743,480	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

6,072,743,480

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	1.00	8.22%	13.17	13.17	13.17

Price Change

Price Change %

Current Price

Bid Price

Offer

1.00

8.22%

13.17

High Price	Low Price	Open Price	Prev. Close	52 Week Range
13.24	12.03	12.19	12.17	2.81 - 20.96

High Price

Low Price

Open Price

Prev. Close

52 Week Range

13.24

12.03

12.19

12.17

2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:20:52	75.95	13.17	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:20:52

75.95

13.17

USD

Price x Volume	Volume	Base Symbol	Related Pairs
9,583,290.91	749,666.34	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

9,583,290.91

749,666.34

XRP Records Highest Single Day Whale Accumulation Since Ripple’s Partial Victory Over SEC

02/02/2024 3:30pm

NEWSBTC

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’s partial victory over the Securities and Exchange Commission (SEC). XRP Records 217 Whale Transactions Santiment stated in an X (formerly Twitter) post the XRP Ledger processed 217 ‘$1 million whale transactions’ 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’t a security in itself last year July. 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’s price positively. XRP had risen to as high as $1 on the back of Judge Torres’ 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. The market intelligence platform also added that some key signals indicated that XRP was “one of the better candidates for a bounce, assuming Bitcoin Bitcoin can stabilize the rest of the week.” The altcoin had dropped below the crucial support level of $0.5 following Bitcoin’s recent decline. However, it is back above that level as the market shows signs of recovery. Meanwhile, despite XRP’s 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. 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’s co-founder Chris Larsen, which led to the theft of more than 213 million tokens. 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’s external wallets just in case they tried depositing these tokens to Binance. The exploiter is reported to have laundered some of these funds through crypto exchanges like MEXC, Gate, Kraken, OKX, and HitBTC. Featured image from Analytics Insight, chart from Tradingview.com

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ICPUSD Internet Computer