Popular trader Ali Martinez reported earlier today that whales bought another 60 million $XRP in the last 48 hours. The XRP price is trading around $2.30 at the time of writing, down 2.5% this week.
Meanwhile, new crypto presale ‘Wall Street Pepe’ launched a couple of weeks ago and already raised over $36 million! This means that just in this new token and XRP, almost $100 was invested in total recently.
XRP’s Whale Accumulation Trends
The market data reveals fascinating patterns in XRP whale behavior throughout December. While the price action showed significant volatility, with notable spikes in early December and subsequent consolidation, whale wallets holding between 1,000,000 and 10,000,000 XRP demonstrated unwavering confidence. These large holders consistently increased their positions, particularly during the early December rally.
Whales bought another 60 million $XRP in the last 48 hours! pic.twitter.com/FTbTWDtBVM
— Ali (@ali_charts) December 25, 2024
The grey-shaded area in Martinez’s chart, representing cumulative XRP holdings by these whale wallets, shows a clear upward trajectory. After a minor dip in mid-December, whale holdings continued their ascent, reaching peak levels by the month’s end. This accumulation pattern coincided with significant price movements, including notable dips around December 11 and December 22.
The correlation between whale activity and price movement tells an intriguing story. The initial surge in whale holdings aligned perfectly with the XRP price rally, suggesting these large-scale accumulations contributed to the upward momentum. Even more telling is that during price corrections and consolidation phases, whale holdings didn’t significantly decline.
By December 24-25, as the price showed signs of stabilization, whale holdings reached their highest recorded levels. The latest 60 million XRP accumulation within just 48 hours adds another chapter to this ongoing trend, highlighting the strategic approach these large holders are taking in the current market conditions.
Read also: XRP Price to Surge to $10? Analyst Breaks Down the Bullish Flag Pattern
Wall Street Pepe Raises Over $36 Million Within Days
The project positions itself as a platform for retail traders, offering tools and insights traditionally limited to institutional investors. Presale for the platform’s native token WEPE launched recently and quickly raised over $36 million. But, why are investors pouring millions into this new altcoin?
At its core, Wall Street Pepe features the WEPE Army – a community-driven platform where retail traders can collaborate and share strategies, potentially leveling the playing field against larger market players.
One of the project’s key features is its VIP Club, which runs trading competitions where community members showcase their trading setups and strategies. What makes these competitions particularly attractive is the substantial reward pool – 15% of the total WEPE token supply has been allocated for trading rewards.
The project’s tokenomics are straightforward, with a maximum supply of 200 billion WEPE tokens. Investors interested in participating can join the presale using Ethereum (ETH), Tether (USDT), or fiat currencies through popular digital wallets like MetaMask or Best Wallet. The project has implemented a token claim system that will activate once the presale phase concludes in early 2025.
Visit $WEPE Presale
All in all, this one could be the next big play for the first few months of the 2025 bull run.
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