After spiking by more than 90%, following Judge Torres’s summary ruling, we expected that XRP would witness a massive sellout from XRP owners after waiting for almost three years.
In our books, a spike above 90% seems tempting enough to spur every XRP holder to cash in on the coin. However, our thoughts didn’t play out as envisaged; findings from confirmed sources revealed that not all XRP holders converted their tokens into cash.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: XRP Whales Have Moved Over 1.6 Billion Coins in the Last 24 Hours
More intriguing is the fact that some of the giant XRP whales are yet to sell a fraction of their massive coin holdings; others only sold a small portion, according to Binance Smart Chain (BSC) data.
In light of the above discoveries, LookOnChain, a leading financial service provider, delved into an analysis of the top four XRP whales that are said to reportedly hold more than 32 million XRP tokens on BSC with approximately $22 million worth of assets at the current price.
2/ Whale"0xf522" bought 25M $XRP ($18M) from #Binance between Apr 22 and Nov 24, 2022, with an average buying price of $0.43.
This whale only provides liquidity on #PancakeSwap and has not sold $XRP yet.https://t.co/psoJfvpGN4 pic.twitter.com/ssPPmNFRVK
— Lookonchain (@lookonchain) July 15, 2023
Below are data covering the XRP profiles of the so-called whales:
The whale “0xf522” – Largest Whale Is Yet To Sell Any XRP
XRP’s largest holder in BSC, boasting 25 million XRP coins. This whale amassed all its XRP holdings at an average cost of $0.43 within a seven-month interval, April 22 and November 24, 2022, precisely.
So far, this whale is yet to sell any XRP holdings and has only succeeded in providing liquidity on PancakeSwap, a decentralized exchange on BSC.
Whale “0x513d” – Second Largest Whale With 4.6 Million XRP Tokens
The second largest whale boasts 4.6 million XRP tokens in BSC. After purchasing 10 million XRP tokens at an average cost of $0.45 from Binance through the address “0xa1c3”, this whale invested 5.4 million XRP coins back into Binance when the token price spiked.
Read Also: Whales Moved 135.8 Million XRP Following a Flash of Recovery. Here’s the Destination
Whale “0x8456” – Third Largest Whale, 1.4 Million XRPs In BSC
The third largest whale boasting 1.4 million XRP coins in BSC, purchased all its XRPs from Binance on December 13, 2022, and May 15, 2023, at an average market price of $0.4. This whale is still yet to sell any of its XRP holdings.
Whale “0x8bf6” – Fourth Largest Whale, Purchased All Its XRP Coin Holdings In A Single Day
Holds 1.4 million XRP tokens in BSC; this whale procured all its XRP tokens from Binance on December 14, 2022, when XRP was selling at $0.39. This whale has not sold any of its XRP coin holdings.
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