Whales, the biggest investors in the cryptocurrency market, draw attention with their transactions. Especially buying and selling transactions in altcoin projects are in the focus of investors. So much so that there are many platforms set up just to watch whales. So, what were the latest whale transactions? In this article, we will cover the latest targets of altcoin whales…
Whale activity on the rise in XRP
The new year brings a positive turn in the crypto market. cryptocoin.com As we have reported, some cryptocurrencies have started to regain their value in the last seven days. For example, XRP has started to move upwards. The price of XRP has increased impressively within a few days. According to Coincodex data, XRP has increased by about 10 percent over the past seven days. Additionally, Santiment, an on-chain data provider, reported that the cryptocurrency’s recent appreciation is also due to increased active addresses.
According to the data provider, XRP registered approximately 41,000 active addresses on January 8, 2023. However, the number increased rapidly over the next few days. As a result, active addresses have risen to over 148,000 since January 12, 2023. This shows that over 107,000 active addresses have been added in less than seven days, representing an increase of over 200 percent. Additionally, according to WhaleAlert, a crypto data provider, XRP whales are heavily involved in transactions. He noted that recently whales moved about 193 million XRP, worth about $70 million cumulatively.
A whale bought 41 million XRP
One of the most significant transactions was a whale’s purchase of 41 million tokens from crypto exchange Bitso. The tokens are worth more than $15.2 million at the current market price. Also, WhaleAlert reported 28 million XRP transfers worth $10.55 million from an unknown whale wallet. Additionally, another 40 million XRP worth $15.07 million was transferred from an anonymous wallet. These transactions moved funds to Bitso and Bitstamp crypto exchanges, respectively.
The report revealed that whales have transferred 88 million tokens to several cryptocurrency exchanges in the past 24 hours. In the past day, 29.1 million XRP went to the Bitstamp exchange. The total value of the coins at current market prices is approximately $30.7 million. The recent uptrend for XRP marks a turnaround for the crypto asset. The coin exhibited impressive volatility, pushing the token past the $0.33 level.
Transfer amount increased for popular altcoin SHIB
While preparing to launch the SHIB metaverse, a crypto whale suddenly transferred trillions of Shiba Inu tokens. Whale Alert said that a large number of SHIB tokens (3,323,256,285,484) worth about $30.48 million have been moved from one unknown wallet to another. Meanwhile, the Shiba Inu team has made a few announcements recently and this massive transfer of SHIB tokens took place in the midst of the announcements. First, the developers of Shiba Inu announced that they will unveil their new metaverse at the South by Southwest (SXSW) 2023 festival in Austin, Texas.
A virtual reality (VR) tour of WAGMI Shrine, one of 11 locations in the Shiba Inu’s metaverse, will be featured in the exhibit. On the other hand, the Shiba Inu team has announced some recent updates to Shibarium. The team will soon implement this layer-2 scaling protocol and promote Bone ShibaSwap (BONE) as the native token of this ecosystem. Binance, the world’s largest cryptocurrency exchange by volume, has staked 4 trillion Shiba Inu tokens as a result of this move.
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