Ripple's courtroom victory set the stage for a wild ride as XRP's value surged over 70%, attracting attention to intriguing whale transactions and heightened volatility.
and revealed that only one whale took action by transferring a portion of its holdings as the price soared.
The data observed showcased the actions of four particular whales. Among them, one whale acquired 10 million XRP at $0.45 and moved approximately 5.4 million as the price experienced an upward trajectory. Interestingly, the remaining three whales, one with a stash of 25 million XRP and the other two with 1.4 million XRP, each chose to hold onto their positions despite the substantial price spike.whale transaction count since the beginning of the year, it appeared to be relatively stable with occasional surges. However, a significant shift occurred around 13 and 14 July, impacting the over $100,000 and $1 million whale transaction counts.
The over $100,000 whale transaction count experienced a remarkable increase, reaching over 800 transactions on 13 July and surpassing 500 transactions on 14 July. As of this writing, the count had subsided to approximately 91 transactions. To provide context, the highest number of transactions observed before these recent spikes was around 350.
These observations highlight a notable deviation from the previous transaction patterns, indicating a substantial increase in large-scale whale transactions in the over $100,000 and $1 million categories.
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