Tag Archives: Whale

TL;DR Following Ripple’s SEC win, XRP surged to $0.53. Big investors now control 29.5% of its supply. Legal victories and increased holdings indicate potential for new XRP highs. Both human analysts and AI, like ChatGPT, foresee regulatory clarity boosting XRP’s future value. XRP Sharks and Whales Control Almost 30% of the Supply Ripple and its native token – XRP – have splashed the waters in the cryptocurrency space once again after the company secured a third court victory...

TL;DR Recent data suggests XRP adoption is still in early stages, with over 3.6 million wallets holding less than 500 XRP; around 17% of total XRP wallets (4.8 million) were created since the start of 2023, indicating rising interest. Large investors, or “whales,” have been accumulating XRP, with their holdings representing 27% of the total circulating supply, up from a previous value of $7.16 billion in October 2022. Analysts are optimistic about XRP’s future value,...

TL;DR Loom Network (LOOM) saw a 30% price surge, reaching a 5-year high of $0.28, possibly influenced by an Upbit investor purchasing over 21M LOOM worth around $6 million. This investor now holds 653 million LOOM assets, equating to 50% of the total circulating supply. Major cryptocurrencies like Bitcoin, Ether, and others are on a decline, with global market capitalization dropping below $1.1 trillion. The cryptocurrency market seems to be in a bearish mode, but a few...

TL;DR Despite SHIB’s market drop, whales bought billions of tokens, with one transaction totaling $31 million. Predictions hint at SHIB nearing its price bottom, with the potential to reach an 8-month high soon. Recent Shibarium advancements and Shiba Inu’s token burn are highlighted as positive indicators for the coin’s future. Whales Seem Undeterred Despite SHIB’s Plunge The valuation of the popular memecoin – Shiba Inu (SHIB) – has recently dropped significantly in...

TL;DR Large XRP wallets increased their holdings to $7.9 billion from $7.16 billion in October 2022. Accumulation spiked after major crypto events, including the FTX meltdown and Terra’s LUNA and UST collapse. A positive outcome for Ripple against the US SEC could boost XRP’s price in 2024, alongside other favorable market factors. Buying XRP Amid the Reigning Uncertainty As revealed by the crypto behavior platform Santiment, wallets holding between 100K and 100M XRP have...

Nansen – a blockchain market intelligence firm – released a report on Tuesday analyzing how the earliest whales to onboard Coinbase’s layer 2 blockchain – Base – are using their money. Here’s what the company found. Early whales largely allocated to Ethereum and its layer 2 networks. As of August 7, the most value held by these whales ($19.6 million) was on Ethereum itself, followed by Base ($17.6 million), Arbitrum, and Optimism. Regarding tokens, ETH was the most common...

Cardano whales are seizing the opportunity of price inaction to rake in more tokens. One particular cohort of ADA holders has accumulated back to their highest level not seen in nearly a year as the current value of the crypto-asset struggles below the $0.30 level. According to the crypto-analytic platform, Santiment, whales and sharks holding between 100K-10M ADA have accumulated back to their highest level since September 2022. It was also observed that Cardano’s...

The number of XRP whales owning 100M+ tokens has surged to 199, marking an 11-week high.  One factor playing a role in the new trend could be Ripple’s court victory against the US Securities and Exchange Commission (SEC), which fueled a price increase for XRP and renewed optimism in the entire cryptocurrency space. Accumulating Again The crypto analytics platform – Santiment – estimated that there are now 199 XRP whales, each of whom holds at least 100 million coins....

On-chain analyst and whale tracker Nova has spotted a profitable average trader that became a whale within five months. The said wallet 0x*************121F760e, who has “nailed” every trade since January, has a record of more than 10,000% realized profit. Nova noted that the whale’s success stemmed from good trading strategies, not luck, as they had properly managed every win and loss. From Average Trader to Whale According to Nova’s Twitter thread, the anonymous trader...

The cryptocurrency space is full of stories regarding certain investors, typically larger ones, who made fortunes with their investments in more speculative assets like memecoins. These examples tend to attract jealousy as well as some resentment from less fortunate market participants. Today, however, we will take a look at the other side of this coin. A few years ago, it was Dogecoin. Then, it was Shiba Inu. This year, at least for now, the massive memecoin explosion has...