Amelie (@_Crypto_Barbie), a well-known figure in the cryptocurrency community, recently drew attention to a sharp rise in XRP transactions. She referenced a post from Scott Melker, host of The Wolf of All Streets podcast, who highlighted that XRP transactions had skyrocketed, reaching $5 billion in just 24 hours.
According to Melker, XRP wallet activity surged by over 600%, signaling significant movement in the market. “Big money is moving—something is brewing with XRP,” he stated.
XRP TRANSACTIONS SKYROCKET AS ACTIVITY HITS $5 BILLION IN 24 HOURS$XRP transfers topped $5B in a single day, with wallet activity surging over 600%.
Big money is moving—something is brewing with XRP.
— The Wolf Of All Streets (@scottmelker) March 9, 2025
This massive surge in transaction volume has raised speculation about potential market shifts, with analysts and traders closely monitoring the situation. While the reason for this spike remains unclear, recent blockchain activity suggests that whales are moving significantly and may be preparing for something big.
Whale Activity and Market Implications
Recent data shows that large-scale XRP transfers have increased, fueling speculation about potential institutional involvement or strategic accumulation. A report from Times Tabloid confirmed that 5.37 billion XRP moved within 24 hours, a figure that stands out even in a highly liquid market like XRP’s.
The impact of this movement remains uncertain, but such large transfers often indicate either internal restructuring among institutions or preparation for major market events.
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More Whale Activity in the Ecosystem
Adding to the intrigue, another report recently revealed that XRP whale activity has been consistently rising. While some analysts believe this could precede a major price movement, others caution that it might be a sign of redistribution rather than new accumulation.
Further developments include the transfer of 240 million XRP, raising additional questions about market intent. This massive token movement aligns with the broader trend of increased whale activity. With no clear explanation, many in the community are convinced that the whales are secretly accumulating and preparing for a big price jump.
What’s Next for XRP’s Price?
While many community members are excited about XRP’s short-term trajectory, some expressed skepticism because the asset’s price is currently down over 7%. Currently trading at $2.13, XRP has had a rough few weeks, with all attempts to break out being suppressed by bearish pressure from the broader market.
However, this decline provides an appropriate buying opportunity, as the large investors can see the digital asset’s potential, and expect a big move in the short-term.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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