Dogecoin, XRP Witness Significant Whale Activity: Analysts Expect 'Something Big'
Portfolio Pulse from Khyathi Dalal
Significant whale activity has been observed in Dogecoin (DOGE) and XRP, with large transfers to various wallet addresses. An unknown wallet transferred 71.2 million DOGE to a Robinhood wallet and 40.03 million to another wallet. Additionally, 367.06 million DOGE was moved between unknown wallets. XRP saw a Binance wallet transfer 300 million XRP to an unknown wallet, among other large transactions. The XRP Ledger experienced a 350% surge in daily transactions, reaching 4.11 million, the highest in two years. Observers and influencers are speculating on the potential impact of this activity on the price of these cryptocurrencies. Dogecoin creator Billy Markus collected over $10,000 in cryptocurrencies through tips. Crypto YouTuber Ben Armstrong and financial blog WallStreetBulls anticipate positive movements for XRP. DOGE and XRP prices have increased by 3.7% and 3.1% respectively in the past 24 hours.
December 27, 2023 | 9:34 pm
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POSITIVE IMPACT
Dogecoin has seen significant whale activity with large amounts being transferred to various wallets, including a Robinhood wallet. Observers are speculating on a big move for DOGE in the near future.
The significant whale activity and the positive sentiment from influencers and observers suggest a potential increase in demand for Dogecoin, which could lead to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
XRP has experienced a substantial increase in ledger activity and whale transfers, with a notable surge in daily transactions. Influencers are predicting a positive price movement soon.
The unexpected surge in XRP Ledger activity and the optimistic outlook from influencers and financial blogs could drive investor interest and potentially lead to a short-term price increase for XRP.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90