XRP Selloff: Whales Shed Coins Worth $1 Billion In A Week
On-chain data shows the XRP whales have distributed a significant amount during the past week, a sign of negative sentiment among large holders. XRP Whales Have Shed 510 Million Tokens From Their Holdings As announced by analyst Ali Martinez in a new post on X, XRP whales have participated in a notable amount of selling recently. A “whale” is typically defined as an XRP investor holding between 1 million and 10 million tokens. At the current exchange rate of the cryptocurrency, this range converts to $2 million at the lower end and $20 million at the upper one. Related Reading:....
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On-chain data shows that XRP whales are currently offloading their coins, which paints a bearish outlook for the altcoin. This comes as XRP struggles to stay above the psychological $3 level and risks dropping to new lows. XRP Whales Offload $480 Million Coins In Two Weeks Santiment data shows that XRP whales have dumped 160 million coins ($480 million) since around September 4, when their holdings peaked at around 6.95 billion. Since then, their XRP holdings have dropped from 6.95 billion to around 6.77 billion. These whales hold between 1 million and 10 million tokens. Related Reading:....
On-chain data shows the Bitcoin sharks and whales have participated in a selloff of around $2.2 billion during the past week. Bitcoin Wallets With 100 To 10,000 BTC Have Been Selling Recently As pointed out by analyst Ali in a post on X, the large BTC investors might have been harvesting their profits recently. The indicator of interest here is the “BTC Supply Distribution,” which keeps track of the total amount of Bitcoin the different wallet groups in the sector are holding. The addresses or investors are divided into these groups based on the total number of coins they....
Following the crypto market crash last week, Ethereum whales look to be gearing up for a recovery as they accumulate ETH. This accumulation trend is very telling of what these large investors expect the market to do next, which could serve as an indication of what’s to come. Ethereum Whales Buy Over 56,000 ETH On Thursday, the on-chain data tracker Lookonchain took to X (formerly Twitter) to reveal the activities of Ethereum whales over the last week. The post shed light on the sentiment among these large holders and showed their expectations for the digital asset. Related Reading: Which....
While crypto-asset markets have shed billions during the last week, the top meme tokens coins by market capitalization have seen deeper losses than most coins. The top two meme digital assets dogecoin and shiba inu have seen double-digit losses during the last seven days. The top meme tokens coins by market capitalization today are worth $60.7 billion losing 3.5% in value over the last 24 hours.
Dogecoin and Shiba Inu Lose Double-Digits Last Week
During the course of the year, meme-based crypto assets were all the rage and many of them have gained significant value in 2021.
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Whales have been offloading their BTC this month after a sustained period of accumulation. According to a new report from crypto market data aggregator, Glassnode, Bitcoin whales offloaded massive amounts of BTC during February. Glassnode defines any address that holds between 1,000 BTC and 10,000 BTC as a “whale”, while “humpback whales” hold more than 10,000 BTC. The report found that the number of whales increased by more than 14% in the year to Feb. 5, 2021. Whales and humpbacks' buying spree peaked in January as they snapped up 80,000 BTC, worth $3.84 billion at today’s prices.But....