Major Ripple Announcement Incoming? XRP Whales Add 453M Tokens
The post Major Ripple Announcement Incoming? XRP Whales Add 453M Tokens appeared first on Coinpedia Fintech News
XRP is one of the most sensational cryptocurrencies. In the recent past, it has hit headlines several times for a wide variety of reasons, from its tough legal battle with the US SEC to its CEO’s meeting with US President-elect Donald Trump.
Since the US presidential election, the XRP market has surged by at least 116.51%. Recently, a crypto investor, Armando Patoja, has reported some unusual developments in the way whales interact with the asset. Is something big going to happen in the XRP market? Let’s try to understand the scenario a little deeper. Ready?
XRP Whales Accumulate 453.3 Million TokensA post by Armando Pantoja on X notes that at least 453.3M tokens have been accumulated by whales in the last seven days. The post highlights that the last whale accumulation is the highest in at least three years.
Currently, the price of XRP stands at 1.0919. This indicates that through the last accumulation whales have received at least $494.9M worth of XRP tokens.
Whales often invest heavily when they feel assured that something big is likely to happen with an asset.
$XRP whales quietly bought 453.3M tokens, $526M in a week—18% of the supply.
The most accumulation by whales in almost 3 years.
They know what most refuse to accept…something big is coming #XRP pic.twitter.com/bLrGMrd6fc
Another crypto investor, Shawn, in his recent post, suggests the possibility of a partnership between Goldman Sachs and XRP. The post does not provide any concrete evidence to confirm it.
Many believe that there could be a connection between the latest whale accumulation and the speculated Goldman Sachs-XRP partnership.
Reports indicate that Goldman Sachs is preparing to establish a new company, which will use blockchain technology for its digital asset platform. According to the reports, the company aims to enable the creation of financial instruments, trading and investment services.
