Unraveling the Strategy of the Biggest XRP Whales: What Do They Know That We Don't?
Despite witnessing a recent favorable judicial hearing, the most significant XRP whales are showcasing remarkable patience. The price of XRP has doubled since the announcement of last week's news, and it seems these heavy investors foresee an even brighter future.
We decided to take a deeper dive into on-chain analysis and shed light on six significant XRP whales, giving insights into their trading habits:
1. Address: 0x8...7a
Having acquired 1.4M XRP, approximately valued at $1.1M from Binance, this investor is now 130% up. Remarkably, they've held onto their tokens without cashing in on the profits.
2. Address: 0x8...64
Retaining 1.4M XRP, this whale's current worth from this holding is approximately $1.1M, marking a 90% increase. In addition, they possess $2.3M in USDT and BUSD, indicating they're on the lookout for optimal investment opportunities.
3. Address: 0x513
This high-conviction investor made notable movements:
- Purchased 10M XRP for about $7.5M from Binance on 4/3 at an average price of $0.45.
- Transferred 5.5M XRP worth approximately $4.3M back to Binance on 7/14.
- Currently holding 4.6M XRP, equivalent to $3.3M.
4. Address: 0x98e
This particular whale initiated their XRP investment journey back in 2021. As of now, they're holding onto 1.3M XRP, with an estimated worth of $1M.
5. Address: 0x8Bf
Making a strategic move, this investor acquired 1.4M XRP, valued around $1.06M, from Binance on Dec 14, 2022, at an average buying rate of $0.39. Their decision seems to be paying off as they're now up by 100%.
6. Address: 0xf52
One of the biggest players, this whale is holding onto a staggering 24M XRP, translating to an approximate value of $18M. They began their substantial accumulation phase in April 2022 through Binance with an average purchase rate of $0.45. Now, they are 50% up and show no signs of letting go.
It's said, "buy the rumor, sell the news," but if these whales are to be taken as indicators, they might be in possession of insights that elude the majority.
For those eager to delve deeper, here are the six XRP addresses analyzed using Loch:
- [0x8456CC4164cF78D967AeE79419b2Ba7F7aca8764](https://app.loch.one/home/0x8456CC4164cF78D967AeE79419b2Ba7F7aca8764)
- [0x513dbab407756d287ebf2c4da8597708f7af3cc0](https://app.loch.one/home/0x513dbab407756d287ebf2c4da8597708f7af3cc0)
- [0x98e5b99f2483f22641c596d606c90c70d793afd2](https://app.loch.one/home/0x98e5b99f2483f22641c596d606c90c70d793afd2)
- [0xf522f55190b8cfb2f11f15cc947a321999b1dd37](https://app.loch.one/home/0xf522f55190b8cfb2f11f15cc947a321999b1dd37)
- [0x8Bf6fD55845d30c4A5BEFE7e0Ac046005E29a3CE](https://app.loch.one/home/0x8Bf6fD55845d30c4A5BEFE7e0Ac046005E29a3CE)
Do you think there's more to the story than meets the eye? Only time will tell.
Unraveling the Strategy of the Biggest XRP Whales: What Do They Know That We Don't?
Despite witnessing a recent favorable judicial hearing, the most significant XRP whales are showcasing remarkable patience. The price of XRP has doubled since the announcement of last week's news, and it seems these heavy investors foresee an even brighter future.
We decided to take a deeper dive into on-chain analysis and shed light on six significant XRP whales, giving insights into their trading habits:
1. Address: 0x8...7a
Having acquired 1.4M XRP, approximately valued at $1.1M from Binance, this investor is now 130% up. Remarkably, they've held onto their tokens without cashing in on the profits.
2. Address: 0x8...64
Retaining 1.4M XRP, this whale's current worth from this holding is approximately $1.1M, marking a 90% increase. In addition, they possess $2.3M in USDT and BUSD, indicating they're on the lookout for optimal investment opportunities.
3. Address: 0x513
This high-conviction investor made notable movements:
- Purchased 10M XRP for about $7.5M from Binance on 4/3 at an average price of $0.45.
- Transferred 5.5M XRP worth approximately $4.3M back to Binance on 7/14.
- Currently holding 4.6M XRP, equivalent to $3.3M.
4. Address: 0x98e
This particular whale initiated their XRP investment journey back in 2021. As of now, they're holding onto 1.3M XRP, with an estimated worth of $1M.
5. Address: 0x8Bf
Making a strategic move, this investor acquired 1.4M XRP, valued around $1.06M, from Binance on Dec 14, 2022, at an average buying rate of $0.39. Their decision seems to be paying off as they're now up by 100%.
6. Address: 0xf52
One of the biggest players, this whale is holding onto a staggering 24M XRP, translating to an approximate value of $18M. They began their substantial accumulation phase in April 2022 through Binance with an average purchase rate of $0.45. Now, they are 50% up and show no signs of letting go.
It's said, "buy the rumor, sell the news," but if these whales are to be taken as indicators, they might be in possession of insights that elude the majority.
For those eager to delve deeper, here are the six XRP addresses analyzed using Loch:
- [0x8456CC4164cF78D967AeE79419b2Ba7F7aca8764](https://app.loch.one/home/0x8456CC4164cF78D967AeE79419b2Ba7F7aca8764)
- [0x513dbab407756d287ebf2c4da8597708f7af3cc0](https://app.loch.one/home/0x513dbab407756d287ebf2c4da8597708f7af3cc0)
- [0x98e5b99f2483f22641c596d606c90c70d793afd2](https://app.loch.one/home/0x98e5b99f2483f22641c596d606c90c70d793afd2)
- [0xf522f55190b8cfb2f11f15cc947a321999b1dd37](https://app.loch.one/home/0xf522f55190b8cfb2f11f15cc947a321999b1dd37)
- [0x8Bf6fD55845d30c4A5BEFE7e0Ac046005E29a3CE](https://app.loch.one/home/0x8Bf6fD55845d30c4A5BEFE7e0Ac046005E29a3CE)
Do you think there's more to the story than meets the eye? Only time will tell.
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Unraveling the Strategy of the Biggest XRP Whales: What Do They Know That We Don't?
Jul 20, 2023
Unraveling the Strategy of the Biggest XRP Whales: What Do They Know That We Don't?
Jul 20, 2023