Ripple Whales Transfer $315M Coins: XRP Price Skyrockets

Ripple whales transfer huge chunks of XRP among themselves, while the XRP price pumps up.
Shiba Inu Whale became active about 16 hours ago and executed her first significant transaction to accumulate $61,745,998,727 ($61.74B) SHIB.

In the last 24 hours, there has been a massive transfer of XRP coins. It is now a usual routine in the Ripple space to see volumes of XRP coins shipped among whale investors.

Whale Alert data reveals that the blockchain company transferred $50 million units of XRP to an unknown wallet. The fund was worth $24.39 million at the time of the transaction.

It is worth noting that while the movemnt was made to unknown wallets, Ripple’s XRP transfera are mostly linked to the companys on demand liquidity solution (ODL)

🚨 🚨 50,000,000 #XRP (24,398,253 USD) transferred from Ripple to unknown wallethttps://t.co/UXR45tgTbu

— Whale Alert (@whale_alert) October 13, 2022

Whale alert also noticed another shipment by a whale investor in the last 24 hours. An anonymous whale deposited $25 million XRP $12.39 million on the Bitstamp exchange. One hundred XRP $50.05 million were transferred from an unknown wallet to another unknown wallet.

Two Major Whales Scooped Up 256 Billion Shiba Inu As Price Rebounds Sharply

Two of the biggest Shiba Inu whales accumulated a whopping $2.71 Million of SHIB in the last 24 hours. The most canine-themed cryptocurrency bounces off from a critical support level.

On Thursday, Shiba Inu made an attempt to crack the crucial support level ($0.0000098) on the daily chart, but thanks goodness it failed as two anonymous deep-pocketed Shiba Inu investors poured in a staggering $2,721,464 ($2.72M) to purchase 256,984,448,543 (256.98B) SHIB in three significant transactions, Etherscan.

With massive accumulation made by the whales, the SHIB price rebounds sharply. At the time of writing. Shiba Inu is trading at the price of $0.00001055, up 6.68% over the last day with a 24-hour trading volume of $458,752,734 ($458.75M).