Investors are gearing up for potential price movements in the crypto market, with massive new token purchases of XRP and SHIB igniting speculations. Data from Whale Alerts reveals a string of significant transactions involving trillions of SHIB moving between wallets. On Aug. 21, an investor purchased 4,653,778,173,637 SHIB worth $36,797,424 from a Bitvavo sender. Later, wallet 0xc684d6c5 sent about 4,639,778,173,637 SHIB valued at $36,696,005 to 0x3442cc07. Today, wallet 0x3442cc07 transferred 4,627,778,173,637 SHIB to another wallet 0xa9d152f9, worth $36,601,097 at the current market price.Data analysis suggests that XRP whales have recently accumulated 16 billion XRP, and there has been a rapid surge in wallets holding more than 100 million XRP. Analysts believe that the recent price actions could be in anticipation of robust positive price movements in the coming days, with the SEC’s possible shift of stance in a lawsuit against Ripple potentially driving the token to over $0.6. For SHIB, analysis suggests the token is now at its local bottom, with an analyst predicting it could hit $0.000013 in the coming weeks.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
9 |
| People |
Michael van de Poppe |
| Currencies |
SHIB, XRP, Bitcoin, Ethereum, None |
| Securities |
None |
