A recent massive XRP transaction has drawn significant attention in the crypto world, revealing the emergence of a new major player.
A transfer involving 99,225,384 XRP tokens—valued at approximately $61.6 million—has been reported by Whale Alert.
The transfer moved these tokens from an unidentified wallet to a newly created one. This new wallet, which was activated on August 24, now holds only the transferred 99.2 million XRP.
The previous wallet, which was set up on August 22, originally contained 102.72 million XRP before sending out nearly all of it.
This large transaction has led to speculation that it may involve a prominent XRP holder consolidating their assets or an over-the-counter (OTC) deal, given that the wallets involved are not publicly known.
The crypto community is closely monitoring this new whale’s activities to see how they might influence the market.
Currently, XRP is trading at $0.602, marking a 2.18% decrease in the last 24 hours but showing a 5% increase over the past week.
This week started off on a very bullish note with the whwole market being in the green and a lot of altcoins reaching new all-time highs (ATH).
Memecoins have been booming this year, especially those that are based on the Solana blockchain.
Ethereum’s recent price surge to around $3,200 has sparked significant activity among major investors, including Tron founder Justin Sun, who recently sold a portion of his holdings.
Crypto analytics firm Santiment suggests that Cardano (ADA) may soon see a surge in interest from retail investors, driven by “fear of missing out” (FOMO).