A cryptocurrency investor has chosen to close their positions in Ripple (XRP) and Ethereum (ETH), realizing a profit of 7.5 million dollars.
This move comes after a broad correction in the market, indicating that some industry giants are changing their strategies. This decision reflects that, during times of market turbulence, investors are taking cautious measures.
Although this whale has closed their positions in XRP and ETH, they still hold a long position in SOL valued at 15.4 million dollars, down by 560,000 dollars. This indicates that while they have reduced their holdings in XRP and ETH, they remain active in other parts of the market, continuing to trade even amidst price fluctuations.
Market activity has increased, with open contracts reaching 6.81 billion dollars. This is an increase of 1.12% compared to the previous 24 hours. The rise in open contracts suggests that traders still have a positive outlook on the market.
Currently, XRP is trading at 2.59 dollars, rising by 4.32% in the past 24 hours. Over the past week, the cryptocurrency has increased by 20.75%, indicating a boost in investor confidence. Recent price trends suggest a potential shift in market sentiment, with XRP showing strong upward momentum.
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