Popular X user Ali Martinez announced that whales have purchased more than 50 million XRP in the past 24 hours. At current exchange rates, this amount is worth $30 million.
The large purchases made by whales could have a positive impact on XRP in certain ways. The decrease in the supply of cryptocurrencies in the market could result in a price increase (if demand remains the same or increases).
The increase in whale accumulation also indicates increased confidence in the market. Other investors who see this confidence may also flock to the ecosystem.
