XRP whales are betting on a huge bull run and buying 110 million XRP tokens
Ripple’s XRP whales recently made a big move by accumulating a massive amount of 110 million XRP, worth approximately $55 million. This buying activity comes at a critical time for Ripple, amid a challenging legal battle with the U.S. Securities and Exchange Commission (SEC). Despite the regulatory headwinds, this purchase from major investors is bringing renewed confidence in the digital asset.
Big gamble by XRP whales
According to data shared by popular crypto analyst Ali Charts Ripple’s biggest investors, the Whales, have dived deep over the past two weeks and amassed a massive 110 million XRP tokens.
The impact of this whale activity is already visible on the market, with an increase of more than 1.8% in the XRP price in the last 24 hours. This uptrend, with XRP now trading at $0.5144, indicates bullish sentiment among investors, ahead of a possible breakout as
Conclusion
Although the XRP whales seem confident in an upcoming bull run, Ripple’s legal battle with the SEC still casts a shadow over these positive developments. The outcome of this lawsuit could have major consequences for the regulation of digital assets, making it a flashpoint for investors and market observers.
