XRP Whales Buy the Dip: 120M Coins Accumulated as SWIFT Sparks Bullish Buzz
Main Idea
Whales are buying XRP during its price swings, and a SWIFT executive's reaction to Ripple's acquisition of Rail has sparked optimism in the XRP community.
Key Points
1. Whales purchased 120 million XRP during a price dip, worth approximately $372 million at $3.10 per XRP.
2. XRP whales bought around 900 million tokens in 48 hours, signaling strong accumulation.
3. A SWIFT executive acknowledged Ripple's $200 million acquisition of Rail, calling it a 'checkmate' moment, which the XRP community viewed as recognition of Ripple's strategic momentum.
4. SWIFT's Chief Innovation Officer noted the payments race is 'nowhere near over' and 'just got a little more crowded,' hinting at increasing competition between legacy networks and blockchain-native firms.
5. SWIFT's transaction volume recently dropped by 15%, while XRPL's activity continued to surge, highlighting shifting dynamics in the payments industry.
Description
Whales Buy the Dip Amid XRP’s current swings, whales are doubling down, buying the dip instead of throwing in the towel. Calling out this development, renowned market analyst Ali Martinez pointed out , “120 million XRP bought up by whales on the dip.” At the current price of $3.10, the 120 million XRP are worth a whopping $372 million, suggesting that whale confidence in the altcoin remains rock solid. Meanwhile, in a swift market jolt, XRP whales scooped up roughly 900M tokens in just 48 hours ...
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