Investors benefit from new trust in XRP: Analysis reveals buying habits of prominent whales on the cryptom market

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XRP erlebt derzeit eine erhöhte Netzwerkaktivität, da prominente Inhaber der Kryptowährung Schritte unternehmen. Neue Erkenntnisse von Lookonchain, einem renommierten Datenanalyseunternehmen, geben Aufschluss über die Kauf- und Verkaufsmuster von XRP-Walen auf dem Binance Smart Chain (BSC), was auf einen möglichen Anstieg der Verkaufsaktivität auf dem Markt hinweist. Der jüngste Erfolg von Ripple gegen die SEC hat zweifellos zu einem neuen Vertrauen in die XRP-Community geführt. Mit der Auflösung der Regulierungswolke sind Anleger und Inhaber jetzt bestrebt, von der neu gewonnenen Klarheit über den Status des Tokens zu profitieren. Aus diesem Grund stehen die Aktionen dieser bemerkenswerten Wale im Mittelpunkt des Interesses …
XRP is currently experiencing increased network activity because prominent owners of the cryptocurrency take steps. New insights from Lookonchain, a renowned data analysis company, provide information about the purchase and sales patterns of XRP-Walen on the Binance Smart Chain (BSC), which indicates a possible increase in sales activity on the market. Ripple's latest success against the Sec has undoubtedly led to a new confidence in the XRP community. With the dissolution of the regulatory clouds, investors and owners now strive to benefit from the newly gained clarity about the status of the token. For this reason, the actions of this remarkable whale are the focus of interest ... (Symbolbild/KNAT)

XRP is currently experiencing increased network activity because prominent owners of the cryptocurrency take steps. New insights from Lookonchain, a renowned data analysis company, provide information about the purchase and sales patterns of XRP whales on the Binance Smart Chain (BSC), which indicates a possible increase in sales activity on the market.

The recent success of Ripple against the SEC has undoubtedly led to a new trust in the XRP community. With the dissolution of the regulatory clouds, investors and owners now strive to benefit from the newly gained clarity about the status of the token. For this reason, the actions of this remarkable whale are the focus of the interest of market observers and enthusiasts.

Based on an analysis of Lookonchain, the transaction behavior of four influential whales has come to light. Each of these whales shows different patterns in its purchase habits, which provide information about their strategies on the cryptoma market.

A whale, which is known as "0xf522", has accumulated an incredible 25 million XRP worth $ 18 million between April 22 and November 24, 2022. Interestingly, this special whale has so far been to sell one of its stocks.

Another known participant, called "0x513d", acquired 10 million XRP at an average price of $ 0.45 per token. After the recent increase in the XRP value, this WAL has paid 5.4 million XRP worth around 4.3 million US dollars to Binance. By using the latest price rally, it shows a proactive approach and uses the upward dynamics of XRP.

Currently, according to Coingecko, the price of XRP is $ 0.7412, which corresponds to an increase of 2.9 % in the last 24 hours alone. In the past seven days, XRP has recorded a remarkable increase of 58.6 %.

In the meantime, Matt Hamilton, the former Director of Developer Relations at Ripple, has clarified on Twitter that the influence of Ripple on the market is relatively limited if you take into account the worldwide daily sales volume of XRP. This claim remains in view of the recent increase in the XRP value after the Ripple Sec. Hamilton emphasized that the price movements of XRP are largely determined by the market forces and the performance of Bitcoin. He thus emphasized the interaction of these factors in the design of the development of cryptocurrency.

The former Ripple employee also made it clear that Ripple has no authority via XRP or the XRP Ledger and will ensure that possible misunderstandings are clarified. In order to further emphasize this idea, he suggested that Ripple could destroy the entire XRP stocks if the XRP community considers this appropriate.

The current network activity of XRP and the behavior of prominent owners give hope for a continued living and interesting future for cryptocurrency. With the increased clarity regarding the legal status, it is possible that more investors and owners will enter the XRP market. The price development and interest in XRP are still influenced by the market forces and the general development of the cryptom market. It remains to be seen how the situation will develop in the coming weeks and months.