BTC

$63024.471

-1.58%

ETH

$3186.347

1.47%

BNB

$590.011

-2.08%

XRP

$0.519

-0.95%

Uncategorized

XRP Whale Transactions Rise To Three-Month High

August 22, 2022 - Around 1 mins mins to read
Blockchain analytics firm Santiment says XRP whale activity has hit a three-month high.
XRP Whale Transactions Rise to Three-Month High

According to the company, transactions exceeding $100,000 on the XRP ledger suddenly spiked to levels not seen since May.

Santiment also said that the term “rekt”, a satirical misspelling of “wrecked” often used to describe traders suffering huge losses, has exploded across social media. meeting on Friday when liquidation was rampant in the crypto markets.

The analytics firm is also eyeing Dogecoin (DOGE) and its competitor Shiba Inu (SHIB). According to Santiment, DOGE and SHIB whales can largely be sold at the top of their respective rallies when large deals explode simultaneously.

At the time of writing, XRP is trading at $0.34.

XRP Whale Transactions Rise to Three-Month High
XRP daily chart. Source: CoinCu

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.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

DOGE

Dogecoin

Ripple

SHIB

Shiba Inu

Whale

XRP

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Uncategorized

XRP Whale Transactions Rise To Three-Month High

Blockchain analytics firm Santiment says XRP whale activity has hit a three-month high.
XRP Whale Transactions Rise to Three-Month High

According to the company, transactions exceeding $100,000 on the XRP ledger suddenly spiked to levels not seen since May.

Santiment also said that the term “rekt”, a satirical misspelling of “wrecked” often used to describe traders suffering huge losses, has exploded across social media. meeting on Friday when liquidation was rampant in the crypto markets.

The analytics firm is also eyeing Dogecoin (DOGE) and its competitor Shiba Inu (SHIB). According to Santiment, DOGE and SHIB whales can largely be sold at the top of their respective rallies when large deals explode simultaneously.

At the time of writing, XRP is trading at $0.34.

XRP Whale Transactions Rise to Three-Month High
XRP daily chart. Source: CoinCu

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.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Visited 31 times, 1 visit(s) today