Whales activities and targets are rising on a daily basis, targeting popular cryptocurrencies in recent days. Today, the whale’s alert revealed, 100,000,000 XRP worth $50,341,416, been transferred from an unknown wallet to another unknown wallet. As the transfer cases are rising in huge amounts, the risk level for the investors also spikes.
More so, as the Whale’s are tracking the day to day transactions of all crypto platforms, their activities are also increasing on the same pane. At present, whales are targeting the trending crypto asset, Ripple (XRP). In addition, XRP values are facing a bearish state in the market, so it became an easy target for the whales.
Whale’s Eye on XRP
Besides, the smart work of the whales is that they target all top exchanges for these huge transactions of the cryptocurrencies. However, Whales transfer and store these digital currencies at their downfall as to gain profits in future price rise.
On May 11th, 2022, Whales focused on the popular altcoin, Ripple (XRP) transferring 100 million tokens from an unknown wallet address to an unknown wallet. Moreover, the market dip and market crash is now the biggest advantage for the whales to perform their smart transfers.
Furthermore, the crypto market is facing a massive crash and a bearish performance for the last three days. As a result, the entire crypto market cap has dropped down to around $1.5 trillion. Significantly, the value of top currencies like Bitcoin (BTC) and Ethereum (ETH) is also on the bearish level. Almost 50% of the price value, sloped down for the cryptocurrencies in just a week.
According to CoinMarketCap, the value of XRP is trading at $0.474167 with a dip of almost 9.55% in the last 24 hours. As per the whale alert, the 100 million XRP is transferred in just a few hours. Thus, if the crypto market plunges continuously, it will be really a great meal for all giant whales in the marketplace.
Source: https://thenewscrypto.com/whales-now-targets-xrp-100m-tokens-is-transferred-to-unknown-wallet/