Ripple destroys competition with combined $375M whale moves

Plenty of whale action was seen this week following two of the most positive weeks for crypto, in terms of price action. Bitcoin closed out in the green for February and several coins saw medium sized rallies in terms of pricing.

Ripple takes home 3 of the top 5 spots this week with a combined whale move of $375 million. Bitcoin features once, which is no surprise with Ethereum rounding out the top 5 with a second place $99m transaction which was sent to Binance. Ripple appear to be doing a lot of over-the-counter trading with XRP. Is this a sign that institutions are buying XRP? The 1 billion XRP transaction was unlocked by escrow just before the tokens were transferred, most
likely proving that this was an OTC order.


Share this: