Whale watching boats reveal massive whale transactions surrounding DOGE and Ripple. Wallets that have been inactive for years are reviving in the last rally.
DOGE whale that has been sleeping since 2014 emptied its entire wallet
A Dogecoin wallet that has been dormant for more than eight years has moved 2.37 million Dogecoins worth $338,000, according to a November 2 tweet from whale watching bot Whale Alert. Interestingly, about an hour later, another tracking bot named Lookonchain confirmed the transaction. It revealed that the whale only paid less than $0.001 for this transaction.
According to BitInfoCharts data, the whale involved accumulated DOGE from December 2013 to March 2014. The value of the wallet, which he never touched afterward, reached $326,401.43. Whale has now completely emptied his wallet in two transactions totaling 356,285 and 2,018,529.44 DOGE.
It is unclear whether 2.37 million DOGE is currently on the exchanges. Some say this amount will be insufficient to keep the price down. Dogecoin left behind a week where it rallied 150% after Elon Musk bought Twitter. As a result, it’s not surprising to see that the whale prefers to sell for profit.
975.1 million XRP in action
Whale Alert reported in another tweet today that the whales were carrying 975.1 million XRP in a short time. The largest transaction was 500 million XRP worth $230.36 million going to an anonymous Ripple Escrow wallet.
The second largest transaction was the transfer of 300 million XRP ($138.56 million) from an anonymous wallet to Ripple. According to Whale Alert, 500 million XRP was immediately locked in “escrow” in the Ripple Escrow wallet, a feature that allows users to set conditional crypto payments. In addition, 200 million XRP is also sealed as escrow in an anonymous wallet.
Whale Alert also reports that 54.23 million XRP ($25 million) flowed from anonymous wallets to Bitso. Data shows that a whale moved 60 million XRP ($28 million) from an anonymous wallet to Bitstamp. The same Bitstamp address sent 60.9 million XRP to an anonymous wallet 21 seconds after the transfer was completed. This transaction was $28.4 million on a price basis.
According to CMC data, XRP is currently trading at $0.4574. In recent developments from the lawsuit with the SEC, Coinbase has announced that it will support Ripple. Coinbase’s chief legal officer tweeted that the exchange filed an appeal to Judge Torres to file an application for an amicus curiae briefing. cryptocoin.com Some of the analysis we quoted predicts that the XRP price will rise to $0.50 as the legal battle ends.
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