XRP Whale Transactions Rise To Three-Month High

Blockchain analytics firm Santiment says XRP whale activity has hit a 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.

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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