Recent Crypto Whale Operations:
1. Bitcoin (BTC): In September 2024, a large whale increased its Bitcoin holdings by $1.4 billion. The whales acquired Bitcoin from several exchanges, increasing their holdings from 2,625 Bitcoin on September 6 to 23,732 Bitcoin by September 20. This activity could be evidence of an upward trend in the market, with some seeing it as a sign of a potential upward movement in the Bitcoin price.
2. Ripple (XRP): Ripple whales have seen a massive increase in their purchases of the currency, purchasing over 380 million tokens in ten days, worth around $228 million. These purchases began when the price of Ripple dropped to around $0.505, leading to expectations of an imminent price surge as a result of this large accumulation by large investors.
3. Chainlink (LINK): Chainlink has seen the largest spike in whale transactions this year, with over 2,600 transactions executed worth over $100,000 each. These large moves typically precede a surge in the price of LINK, which has seen the price rise by 30% over the past month. It is believed that these moves could be a sign of a potential further price surge.
In the coming hours, we will analyze its potential impact on the market.
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