Skip to main content

Ripple (XRP): Whales are increasing their stocks

 


Ripple (XRP) worth tens of millions of US dollars are currently in motion at leading crypto exchanges. Apparently, large investors are deliberately stocking up on XRP.

Ripple (XRP) is again showing itself to be a surprise bag before Christmas: This week alone, services such as Whale Alert repeatedly reported conspicuously large transactions for XRP, with almost 50 million XRP worth around 40 million US dollars flowing into three from the Binance crypto exchange alone Tranches for the Korean crypto exchange Gopax. Similar movements with XRP were also observed with the providers Bithumb and HitBTC. These promotions did not noticeably influence the price of XRP. But the analysts at Santiment are certain: At Ripple, so-called whales are currently increasing their stocks.

By Twitter shows Santi Movement: Ripple accounts containing from 1 to 10 million XRP have increased in the last three months an average of their balances in XRP by 6 percent, which added up in US dollars is 200 million. Seen in this way, the large-scale transactions make sense. As they did at the beginning of December with another XRP Whale, observers are asking themselves : Do large investors know more about how the SEC lawsuit against Ripple will end in 2022 and are they optimistic about the future?

Others suspect that XRP will be in demand from SOLO because of an upcoming airdrop. SOLO is technologically based on Ripple's network and wants to direct liquidity in XRP towards DeFi. For this purpose, SOLO should be distributed to holders of XRP, depending on individual account balances. The crucial snapshot is scheduled for December 24th.

Ripple legally in a tight spot - XRP surprisingly stable

XRP is currently trading at around $ 0.80 and has bounced back from the shock of the XRP lawsuit in December 2020. The US Securities and Exchange Commission wants to collect at least 1.3 billion in damages from Ripple because XRP was sold without the necessary approval. When this became known almost a year ago, the price of XRP collapsed to a good $ 0.20. As a result of the SEC lawsuit, XRP was initially delisted from US crypto exchanges and most recently in Canada. In this situation, XRP remains surprisingly stable, even if clear reasons for it remain open.

Conclusion: XRP and the Whales - a never-ending story

Ripple (XRP)  has always been accompanied by discussions aimed at whether whales can affect the price curve. This was hung up for a long time by co-founder Jed MacCaleb, who left Ripple and turned his shares into cash over the years. Although MacCaleb has now been paid out in full, Ripple Whales are still largely suspiciously observed at XRP. If you follow their strategies, the current price level of XRP seems to be attractive for purchases. Whether SOLO or a court decision that is positive for Ripple can lead XRP to a sustainable plus is by no means clear.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more