Whale Makes $9 Million from Huge XRP Deal - A Sign of Market Confidence?

In a notable move within the cryptocurrency market, data has revealed that a large investor (whale) has made profits of nearly $9 million by trading 1.5 million XRP tokens.

Transaction Details:

Currency: XRP

Amount Traded: 1.5 million tokens

Realized Profits: Approximately $9 million

Source: Analysis published on CoinMarketCap by U.Today

Market Implication:

This transaction reflects the growing confidence in XRP following a significant legal settlement in favor of Ripple against the SEC.

This deal could be indicative of a larger shift from institutional investors towards currencies that have regulatory support and actual use.

Observers believe that the return of strong liquidity and whale movements may pave the way for an upcoming rally.

A deal of this size does not go unnoticed. Whale movements like this represent strong technical and psychological signals, and may mark the beginning of renewed institutional interest in XRP.

CoinMarketCap