{"id":535286,"date":"2023-05-28T01:18:13","date_gmt":"2023-05-28T01:18:13","guid":{"rendered":"https:\/\/wncen.com\/?p=535286"},"modified":"2024-06-11T07:58:46","modified_gmt":"2024-06-11T07:58:46","slug":"whales-flock-to-xrp-accumulating-52-million-tokens","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/whales-flock-to-xrp-accumulating-52-million-tokens\/","title":{"rendered":"Whales Flock To XRP, Accumulate 52 Million Tokens In Just 3 Weeks – Here’s Why"},"content":{"rendered":"

In the world of crypto, the actions of large investors, known as whales, can often provide valuable insights into the market sentiment surrounding a particular digital asset. Recent data<\/a> has revealed a common trend in the XRP market, as whales have been actively accumulating millions of tokens over a short period, particularly in the last three weeks. <\/span><\/p>\n

This surge in whale activity has sparked intrigue and speculation among crypto enthusiasts, suggesting a strong bullish sentiment toward Ripple’s remittance token<\/a>.<\/span><\/p>\n

Whales Show Bullishness On XRP<\/span><\/h2>\n

According to data shared by renowned crypto analyst Ali on Twitter, whales are making significant moves in the XRP market. Utilizing behavior analytics resource Santiment’s data, Ali highlighted the noteworthy accumulation of XRP by whales, which indicates their strong belief in the future prospects of the token.<\/span><\/p>\n

Related Reading: XRP Emerges As Top Performing Crypto With 55% Surge \u2013 Messari Report<\/a><\/div>\n

Over the past three weeks alone, these prominent investors have acquired 52 million XRP, representing an estimated value of over $22 million.<\/span><\/p>\n

Notably, the accumulation trend has been primarily observed among XRP whales, specifically addresses holding 10 million to 100 million XRP. This period of intense accumulation began on May 7, following a notable selloff pressure that occurred on April 12. <\/span><\/p>\n

During the selloff phase, Ripple’s token experienced a prolonged consolidation period, stemming from the temporary exhaustion of the rally<\/a> before the latest move. However, the selloff eventually subsided, paving the way for the current accumulation trend witnessed among whales.<\/span><\/p>\n

What Drives The Accumulation\u00a0<\/span><\/h2>\n

The sudden surge in XRP accumulation by whales has raised questions about what factors could be driving this bullish sentiment. While individual motivations may vary, several plausible explanations shed light on the underlying dynamics at play. <\/span><\/p>\n

One significant factor could be the anticipation of positive developments<\/a> within the Ripple ecosystem, such as new partnerships or advancements in the adoption of Ripple’s token for cross-border transactions.\u00a0<\/span><\/p>\n

Last month,\u00a0Ripple (XRP), Cardano (ADA), and several other cryptocurrencies received an adoption boost through a recently announced<\/a> partnership between Binance Pay and CoinGate. This collaboration enables users of Binance Pay to make crypto payments to merchants powered by CoinGate. In turn, CoinGate merchants can facilitate Binance Pay payments during the checkout process.<\/span><\/p>\n

This new feature, which will be automatically activated, caters to various digital assets available on the Binance Pay platform, including Ripple (XRP)<\/a>, Cardano (ADA), and many others.<\/span><\/p>\n

Notably, such developments often drive demand for Ripple’s token, prompting investors to accumulate the token in anticipation of future price appreciation.\u00a0<\/span>Furthermore, the recent regulatory clarity surrounding Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) may have also contributed to the increased confidence among whales.<\/span><\/p>\n

Related Reading: XRP Bears Prevail As Asset Retreats From Recent Highs<\/a><\/div>\n

As Ripple continues to make progress in the legal proceedings, the resolution of the case could potentially remove a major overhang on XRP’s market sentiment, paving the way for renewed optimism and investment.<\/span><\/p>\n

\"XRP
XRP price moving sideways on the 4-hour chart. Source: XRP\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Meanwhile, following the accumulation of whales, XRP has shown an upcoming uptick<\/span>. Over the past 24 hours, Ripple’s token has seen a 1% gain. The asset currently trades at $0.47<\/a>, at the time of writing.<\/span><\/p>\n

-Featured image from Unsplash, Chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In the world of crypto, the actions of large investors, known as whales, can often provide valuable insights into the market sentiment surrounding a particular digital asset. Recent data has revealed a common trend in the XRP market, as whales have been actively accumulating millions of tokens over a short period, particularly in the last three weeks. This surge in whale activity has sparked intrigue and speculation among crypto enthusiasts, suggesting a strong bullish sentiment toward Ripple’s remittance token. Whales Show Bullishness On XRP According to data shared by renowned crypto analyst Ali on Twitter, whales are making significant moves in the XRP market. Utilizing behavior analytics resource Santiment’s data, Ali highlighted the noteworthy accumulation of XRP by whales, which indicates their strong belief in the future prospects of the token. Related Reading: XRP Emerges As Top Performing Crypto With 55% Surge \u2013 Messari Report Over the past three weeks alone, these prominent investors have acquired 52 million XRP, representing an estimated value of over $22 million. Notably, the accumulation trend has been primarily observed among XRP whales, specifically addresses holding 10 million to 100 million XRP. This period of intense accumulation began on May 7, following a notable selloff pressure that occurred on April 12. During the selloff phase, Ripple’s token experienced a prolonged consolidation period, stemming from the temporary exhaustion of the rally before the latest move. However, the selloff eventually subsided, paving the way for the current accumulation trend witnessed among whales. What Drives The Accumulation\u00a0 The sudden surge in XRP accumulation by whales has raised questions about what factors could be driving this bullish sentiment. While individual motivations may vary, several plausible explanations shed light on the underlying dynamics at play. One significant factor could be the anticipation of positive developments within the Ripple ecosystem, such as new partnerships or advancements in the adoption of Ripple’s token for cross-border transactions.\u00a0 Last month,\u00a0Ripple (XRP), Cardano (ADA), and several other cryptocurrencies received an adoption boost through a recently announced partnership between Binance Pay and CoinGate. This collaboration enables users of Binance Pay to make crypto payments to merchants powered by CoinGate. In turn, CoinGate merchants can facilitate Binance Pay payments during the checkout process. This new feature, which will be automatically activated, caters to various digital assets available on the Binance Pay platform, including Ripple (XRP), Cardano (ADA), and many others. Notably, such developments often drive demand for Ripple’s token, prompting investors to accumulate the token in anticipation of future price appreciation.\u00a0Furthermore, the recent regulatory clarity surrounding Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) may have also contributed to the increased confidence among whales. Related Reading: XRP Bears Prevail As Asset Retreats From Recent Highs As Ripple continues to make progress in the legal proceedings, the resolution of the case could potentially remove a major overhang on XRP’s market sentiment, paving the way for renewed optimism and investment. Meanwhile, following the accumulation of whales, XRP has shown an upcoming uptick. Over the past 24 hours, Ripple’s token has seen a 1% gain. The asset currently trades at $0.47, at the time of writing. -Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":524613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[142,6664,3680,4531,78763],"class_list":["post-535286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-altcoins","tag-crypto","tag-ripple","tag-xrp","tag-xrpusdt"],"acf":[],"yoast_head":"\nWhales Flock to XRP, Accumulating 52 Million Tokens In Just 3 Weeks - Here's Why<\/title>\n<meta name=\"description\" content=\"Recent data has revealed a common trend in the XRP market, as whales have been actively accumulating millions of tokens over a short perio...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ripple\/whales-flock-to-xrp-accumulating-52-million-tokens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whales Flock to XRP, Accumulating 52 Million Tokens In Just 3 Weeks - 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. 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HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Whales Flock To XRP, Accumulate 52 Million Tokens In Just 3 Weeks – Here’s Why","url":"http:\/\/wncen.com\/news\/ripple\/whales-flock-to-xrp-accumulating-52-million-tokens\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/whales-flock-to-xrp-accumulating-52-million-tokens\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?fit=1140%2C815"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","ripple","xrp","xrpusdt"],"dateCreated":"2023-05-28T01:18:13Z","datePublished":"2023-05-28T01:18:13Z","dateModified":"2024-06-11T07:58:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Whales Flock To XRP, Accumulate 52 Million Tokens In Just 3 Weeks – Here’s Why\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/whales-flock-to-xrp-accumulating-52-million-tokens\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/whales-flock-to-xrp-accumulating-52-million-tokens\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/XRP-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/XRP-2.jpeg?fit=1140%2C815\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"ripple\",\"xrp\",\"xrpusdt\"],\"dateCreated\":\"2023-05-28T01:18:13Z\",\"datePublished\":\"2023-05-28T01:18:13Z\",\"dateModified\":\"2024-06-11T07:58:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/XRP-2.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/535286"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=535286"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/535286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/524613"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=535286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=535286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=535286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}