XRP Giant Just Launched a $11.4M Bullish Position at $3.29. Is Something Big Coming?
Main Idea
An XRP whale initiated a $11.44 million long position at $3.2979, sparking speculation about potential insider knowledge or market movements.
Key Points
1. A whale wallet (0x2ef7…e6) opened a $11.44 million long position on XRP at $3.2979, signaling bullish expectations.
2. The trade stands out due to its size and the fact that XRP's market price has been below $3.29 for an extended period.
3. Public reactions include skepticism and curiosity about the whale's motivation, with some suggesting insider knowledge.
4. The trade was recorded alongside smaller positions on BTC, ETH, and HYPE, but none matched the XRP trade in size or price irregularity.
5. The data source and accuracy of the trade's pricing remain unconfirmed, leaving room for further scrutiny.
Description
A recent tweet by crypto enthusiast Radar has drawn attention to the notable action of an XRP whale who bet on a continued rally from current prices. According to the post, a whale wallet identified by the address prefix 0x2ef7…e6 initiated a significant long position on XRP worth $11.44 million at a price of $3.2979. This trade was recorded at 06:37, as seen in a data chart labeled “Latest Whale Activity,” which Radar included in the post. The whale’s action was marked as an “Open Long,” indica...
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