18.8 Million Dogecoin Were Purchased By Whale With 40 Million XRP

A huge BNB whale named “Martian Manhunter,” which is now holding 40 million XRP and is rated 71st on WhaleStats, recently purchased 18,800,433 DOGE worth $1,256,188. In other transactions, the whale also purchased a few additional altcoins, one of which was 11,988,683 MATIC for $5,605,116.

The unknown bidder also holds 25 million ADA, worth $11,191,348 in addition to 40 million XRP, valued at $12,471,184. Additionally, this whale has 350,000 LINK tokens and 30 million TRX tokens.

One of the top assets held by BNB whales has emerged as the XRP token wrapped on the BNB Chain (formerly known as BSC).

The top 2,000 BSC whales are now “hodling” XRP worth $15,209,981 according to WhaleStats.

In reaction to the turbulent trading activity seen since the start of 2022, whales have been actively building up and expanding their holdings by buying at a bargain. Digital assets began to recover slightly on July 4 after a week of sluggish activity. The price of XRP was $0.324 at the time of publication, up 3.80 percent over the previous day.

Market reversals in part – DOGE

A few tokens gained value at the time of publication, with bitcoin and altcoins exhibiting a minor recovery. The price of Dogecoin (DOGE) increased little by 4.28 percent to $0.068.

At the time of publication, the total market capitalization was $883 billion. The majority of crypto assets have reached record MVRV levels, or “pain” thresholds, in their trading returns, which is when a price turnaround to reduce present losses may be predicted, according to a research over the weekend from on-chain analytics company Santiment. Santiment pointed out that it is still challenging to forecast when this may happen.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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