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XRP Whales Accumulate Massive Tokens – Is A Bull Run Coming?

XRP Whales Accumulate Massive Tokens – Is A Bull Run Coming?
The XRP price dipped in 2022 during the crypto winter, and the back-and-forth legal exchange between Ripple Labs and the U.S. Securities and Exchange Commission has not helped matters. However, the token is still attracting interest from whales and institutional investors. XRP still has a chance of recovery, which seems to be the motivation behind the whale mass acquisition of the token. Related Reading: MakerDAO Passes Proposal To Deploy $100 Million USDC In Yearn Finance Vault Whales Seize The Dip WhaleAlert reported that whales had moved 128 million-plus XRP worth close to $53 million in the last day. The largest whale activity recorded in that period was the movement of 35 million XRP worth around $15 million to the Bitstamp exchange.  According to the data, whales have purchased up to 69 million XRP tokens in 24 hours. The first accumulation noted by Whale Alert is the addition of 33 million XRP (approx worth above $13 million) to a Bitstamp address.

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