XRP whale accumulation has resumed following a relatively quiet weekend, as two different whale addresses transferred over 405M tokens within 15 hours, with one of them activated just today. This resumption in whale activity comes up at a time when the asset has slipped below the $0.42 level and is struggling to retain its position above $0.40.
The most recent of the two transactions was also the largest and involved the accumulation of 252,094,750 (252M) XRP worth $101M by an unidentified whale address that was activated today at 11:47 (UTC). The sending address was also newly activated, and it has only transacted three times since its activation three days ago.
The second transaction involved the movement of 153M XRP valued at $63.9M between two unidentified wallets. Following the transaction, the recipient address offloaded all the tokens in a series of transactions, sending them to wallets affiliated with Bitso, Independent Reserve, and Bitstamp. The balance on the address is now 100 XRP as of press time.
These two transactions occurred shortly after whales moved 413M XRP in a similar fashion last Friday. Three days before this, the community witnessed the transfer of over 600M tokens within two days. This cluster of whale transactions underscores the growing interest in the asset among deep-pocketed investors, especially at a time when the legal case between Ripple and the SEC is nearing an end.
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