XRP Whale Alert: A Sea of Unknowns and Billions on the Move

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A staggering 150,000,000 XRP, worth a jaw-dropping $380,084,007, was transferred between wallets of unknown origin, leaving the crypto world in a whirlwind of speculation and gossip. 🌪️

According to the ever-vigilant blockchain data tracker Whale Alert, “150,000,000 XRP worth $380,084,007 was transferred from unknown wallet to unknown wallet.” 🤔

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 150,000,000 #XRP (380,084,007 USD) transferred from unknown wallet to unknown wallet

— Whale Alert (@whale_alert) March 7, 2025

With both the sender and receiver shrouded in mystery, market watchers are left to scratch their heads and ponder the implications of this massive transaction. 🤔 Is it an over-the-counter (OTC) transfer, a simple reshuffling of funds by a whale, or something more sinister? Only time will tell, and the crypto community is abuzz with theories. 🐳

XRP whale activity has been heating up like a summer day in the desert. According to Ali, a crypto analyst, whale activity on the XRP network has been steadily rising over the past three weeks. This week alone, we’ve seen some major transactions, with millions of XRP moving like a river. 🌊

On March 6, 60,000,000 XRP, worth a cool $155,995,233, were transferred between unknown wallets. 🤑

A separate transaction reported by Whale Alert on March 6 saw the transfer of 30,000,000 XRP, worth $77,558,143, from Bybit to an unknown wallet. On March 5, 95,254,697 XRP, totaling $235,584,856, were transferred from OKX to an unknown wallet. 🚀

XRP Price Action

XRP has taken a nosedive, falling 6.92% in the last 24 hours to $2.33, down 20% from a high of $3.02 set on Sunday. The much-anticipated Crypto Summit on Friday was a bit of a letdown, as XRP has been on a downward spiral since then. 📉

The summit was hyped as a watershed event following an earlier pledge to establish a U.S. crypto strategic reserve with BTC, ETH, XRP, SOL, and ADA. However, Crypto Czar David Sacks’s clarification on Friday that the mention of these cryptocurrencies was merely illustrative and not a real commitment dashed the hopes of many speculators. 🙄

In the event of a rebound, XRP would aim to reclaim the daily SMA 50 at $2.667 and push for the $3 mark. If the drop continues, XRP might retest support near $2. 🤞

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2025-03-08 18:36