XRP Surges 10% As Whales Participate In $300 Million Buying Spree

Crypto Breaking · 2024-10-01T01:02:34.000Z

On-chain data shows the XRP whales have participated in a significant amount of buying recently, a potential reason behind the asset’s surge. XRP Whales Have Added 470 Million Tokens To Their Supply Recently As explained by analyst Ali Martinez in a new post on X, the XRP whales have expanded their holdings over the last 10 days. The indicator of relevance here is the “Supply Distribution” from the on-chain analytics firm Santiment, which keeps track of the total amount of tokens that a given wallet group is carrying right now. Addresses or investors are put into these groups based on their current balance. Wallets with 5 coins, for instance, fall inside the 1 to 10 coins group. In the context of the current topic, the whale entities are the addresses of interest. This group’s range is typically defined as 100 million to 1 billion XRP. At the current exchange rate, the lower end of this range converts to around $63.1 million, while the upper one to $631 million. Generally, the influence of any entity on the network goes up the more holdings that they carry, so the whales, who have quite the humongous balance, would carry some degree of power. As such, the behavior of these investors can be worth keeping an eye on, because even if it may not directly impact the price, it can at least tell us what the sentiment among this cohort is like. Now, here is a chart that shows the trend in the Supply Distribution of the XRP whales over the past several days: As displayed in the above graph, the supply of the XRP whales has registered a notable increase recently. More specifically, these humongous investors have added more than 470 million (almost $300 million) tokens to their wallets during the last ten days or so. From the chart, it’s visible that the bulk of this buying had come while the asset had still been trading around the $0.58 mark, suggesting that the whales believed the level to be offering a profitable window into the coin. The bet of these investors has clearly paid off, as the cryptocurrency’s price has increased from below the $0.59 mark to above the $0.63 level over the past weekend. While things have been going well for the coin so far, the indicator could be to keep an eye on in the near future, as what this cohort would do next can end up reflecting in the asset’s price once again. Naturally, if the indicator continues to go up, it will be a bullish sign for XRP since it would imply the whales are supportive of a further surge. On the other hand, a decline could be bad news, as it would mean the whales are participating in profit-taking. XRP Price At the time of writing, XRP is trading around $0.631, up 8% over the past week. Source: NewsBTC.com The post XRP Surges 10% As Whales Participate In $300 Million Buying Spree appeared first on Crypto Breaking News.

链上数据显示，XRP 巨鲸最近参与了大量购买，这可能是该资产飙升的潜在原因。
XRP 巨鲸最近增加了 4.7 亿枚代币
正如分析师 Ali Martinez 在 X 上的一篇新帖子中所解释的那样，XRP 巨鲸在过去 10 天内扩大了其持有量。这里相关的指标是链上分析公司 Santiment 的“供应分布”，它跟踪特定钱包组当前持有的代币总量。
根据地址或投资者的当前余额，将其归入这些组。例如，有 5 个币的钱包属于 1 到 10 个币的组。在当前主题的背景下，鲸鱼实体是感兴趣的地址。
这个群体的持有量通常被定义为 1 亿到 10 亿 XRP。按照目前的汇率，这个范围的下限相当于约 6,310 万美元，上限则为 6.31 亿美元。一般来说，任何实体持有的 XRP 越多，其对网络的影响力就越大，因此拥有巨额 XRP 余额的鲸鱼将拥有一定程度的权力。
因此，这些投资者的行为值得关注，因为即使它可能不会直接影响价格，但至少可以告诉我们这一群体的情绪。
现在，这里有一张图表，显示了过去几天 XRP 鲸鱼的供应分布趋势：
如上图所示，XRP 巨鲸的供应量最近显着增加。更具体地说，在过去十天左右的时间里，这些巨额投资者向他们的钱包中添加了超过 4.7 亿个（近 3 亿美元）代币。
从图表中可以看出，大部分买入都是在资产交易价格仍在 0.58 美元左右时进行的，这表明鲸鱼们认为该水平为购买该代币提供了一个有利可图的窗口。
这些投资者的赌注显然获得了回报，因为加密货币的价格在过去的周末已经从 0.59 美元以下上涨至 0.63 美元以上。
虽然到目前为止该代币的状况一直很好，但该指标可能是在不久的将来需要关注的，因为这群人下一步的举动最终可能会再次反映在资产的价格上。
当然，如果该指标继续上涨，这对 XRP 来说将是一个利好信号，因为这意味着鲸鱼支持进一步上涨。另一方面，下跌可能是坏消息，因为这意味着鲸鱼正在参与获利回吐。
XRP价格
在撰写本文时，XRP 的交易价格约为 0.631 美元，过去一周上涨了 8%。
文章《XRP 飙升 10% 因鲸鱼参与 3 亿美元购买狂潮》首先出现在 Crypto Breaking News 上。

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