XRP Whale Wallets Collapse 20%, But Biggest Holders Hoard More Than Ever
XRP’s largest holders are undergoing a sharp structural shift on the XRP Ledger: there are significantly fewer “whale and shark” wallets than two months ago, yet the remaining large accounts now custody more XRP than at any point in the past seven years, according to new data from on-chain analytics firm Santiment. XRP Whales Shrink, Holdings Hit 7-Year High In a post on X, Santiment described what it called “a fascinating trend” in the behavior of the network’s biggest holders. The firm wrote: “XRP Ledger is seeing a fascinating trend of whale & shark wallets shrinking in number, but....
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Binance saw its biggest Bitcoin outflow in history after $816 million (58,861 BTC) was withdrawn in one day. Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million.The significant spike in outflows could suggest two things. First, it might show that whales could be bracing for a rally in the near term. Second, an over-the-counter deal could have occurred, causing whales to move their funds.Bitcoin outflows on Binance. Source: CryptoQuant.comOn-chain activity....
As promised on its development roadmap for 2021, Hoard Exchange launches its NFT Marketplace on the Ethereum Mainnet today, May 26th. The marketplace comes with a host of features and capabilities, including the provisions to loan and stake using NFT as collateral for the loan. The Hoard marketplace, one of the two broad categories of […]
Recent data from Santiment indicates a noticeable decrease in Bitcoin whale activity, reaching the lowest levels seen in 2024. This trend shows that holders of large amounts of Bitcoin, known as whales, are drifting away from active trading. While this could signal a negative trend, the situation presents a complex picture of the cryptocurrency’s market dynamics. Despite the fall in whale activity, the total number of Bitcoin wallets with at least 100 BTC remains high, at 11.79 million BTC across 15,907 wallets. Historically, increased activity from these large holders has often....
As earlier reported, Bitcoin holders have steadily held on to their coins in the past few months. Bitcoin whales, in particular, seem to be doubling despite the current uncertainty in Bitcoin’s future projection. Long-term holders add an average of 50,000 BTC to their wallets every month, as indicated by the HODLer Net Position Change indicator provided by Glassnode. Related Reading: Crypto Analyst: Bitcoin To Surpass Gold And Silver Within A Decade On the other hand, whales of Ethereum, the second largest crypto in the world, appear to be on a different trajectory. On-chain data....
After making an all-time high of $112K, $BTC seems to have lost some steam. It’s now consolidating around the $110K mark. Data from CryptoQuant shows that this might be due to profit booking by new whale accounts. These whale addresses have booked $3.21B in profits as compared to only $679M by older wallets. Since April […]