The XRP whale purchased around 900 million tokens in April, indicating the possibility of bullish sentiment.
Sec has delayed the XRP ETF decision, with short positions surged recently.
Despite what wuls banged, the whales’ activity was slower, with a $68.7 million transfer slowing down sales hints.
XRP whales appear to hold bullish prospects despite some of the recent challenges in tokens
Large Accounts – Those with over 10,000,000 tokens are likely to have purchased around 900 million XRP in the past month.
XRP Whale is not unanimous regarding the future prospects of the token
The fact that the XRP whales have intensified overall may appear as a solid bull signal at first glance, but traders should always consider their dissent.
On April 28, 1 XRP Whale moved 29,532,534 tokens worth approximately $68.7 million to Cryptocurrency Exchange Coinbase. Large transfers like these usually precede the selling.
Finally, it is important to note that Martinez’s chart clearly shows that demand for whales has been flattened since April 29th.
Featured Images via ShutterStock
