XRP price pumps and dumps amid mysterious $51M whale transfers — what's next?
XRP risks declining further in the coming weeks despite its eye-grabbing intraday price moves. XRP price saw a major spike on Aug. 26, hinting at a possible effect from some big traders.Large XRP transfers, Ripple Swell Global eventNotably, XRP's price jumped 6% to $0.37, a two-week high, during the early London hours. The token's upside move occurred hours after its network processed three massive transfers worth $51 million involving crypto exchanges Bitso and FTX, as highlighted by Whale Alert.XRP/USD hourly price chart. Source: TradingViewXRP's gains also came as a part of a broader....
Related News
On Tuesday, October 18, researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase Pro. According to the researcher’s summary of the situation, a large portion of the funds were old coins. Whale Transfers 48,000 Bitcoin Amid Coiled Market While bitcoin (BTC) has been trading under the $20K region and trading sideways, observers have witnessed a number of old coins move onchain. The onchain movement comes at a time when market volatility is expected. For instance, the latest Glassnode Insights report....
Data shows a Dogecoin whale has transferred more than $9 million worth of DOGE to Binance, as the price of the crypto has been shooting up. Dogecoin Whale Deposited $9.4 Million In DOGE To Binance During The Last 24 Hours According to cryptocurrency transaction tracker Whale Alert, a huge DOGE transaction has been spotted during […]
For months now our newsdesk has followed the tracks of a mysterious whale from 2010, a miner who not only mined thousands of bitcoin back in the day, but has also spent over 8,000 bitcoin during the past ten months. This week, the Russian blockchain researcher, Issak Shvarts published a report about the decade-old block rewards, and he claims to have shown “full proof” that the bitcoins are now owned by Coinbase and also distributed after the transfers. The Case of the Mysterious 2010 Block Reward Spends For a while now our newsdesk at news.Bitcoin.com has been monitoring a....
Justin Sun, the mysterious founder of blockchain network TRON, came within a whisker of buying the world’s most expensive NFT, Beeple’s The First 5,000 Days. Perhaps still stinging from that close call, Sun made no mistake when he won an auction for NFT Glee’s Golden Whale Pass on Friday. The NFT grants Sun lifetime whale […]
Following the string of 20 block rewards spent on Wednesday, an idle bitcoin wallet that was created on October 7, 2013, transferred 2,207 so-called ‘sleeping bitcoins’ worth over $147 million. Both of these massive transactions took place on the same day bitcoin reached an all-time price high at $69,000. 2013 Whale Transfers 2,207 Bitcoin Worth $147 Million On Wednesday, November 10, 2021, a ‘forgotten’ stash of bitcoins that sat idle for eight years and woke up for the first time since the wallet’s creation. The action was caught by Btcparser.com and....