Shocking Whale XRP Frenzy: 900 Million XRP in One Month – What’s Going On?

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Oh, do gather round, children, because I’ve got a rip-roaring tale for you today! Ali Martinez, a cryptocurrency wizard known on the X platform as @ali_charts, has uncovered something rather curious. He’s shared a little treasure map, a chart from Santiment, the secretive on-chain aggregator.

Whales Go Wild for XRP

Hold on to your hats, folks! It seems the mighty whales—those enormous, blubbery creatures that hoard vast amounts of XRP—have been on an absolute shopping spree! Over the last month, from April 2 to May 2, these colossal beasts have snatched up a mind-boggling 900 million XRP. That’s right, 900 million! Who’s counting? Well, I suppose we are now…

This chart here shows the whales’ buying frenzy. It’s not your average, snooze-worthy graph. Oh no, it’s a full-on rollercoaster of XRP madness! Just last week, the curve was as flat as a pancake, but now—oh boy, now—it’s as steep as the tallest mountain. And guess what? XRP’s price has been soaring along with it. A little coincidence? I think not!

900 million XRP, my friends, is about $459 million. That’s right, nearly half a billion dollars! The whales aren’t fooling around. With numbers like these, we’re talking big institutions taking a serious liking to XRP. In fact, the fourth-largest cryptocurrency has seen a price bump of 4.51%—moving from $2.12 to $2.22. It’s like watching a rocket ship take off, only with more digital tokens.

Ripple Throws a Hail Mary at Circle

But wait, there’s more! Ripple, the big player in the blockchain world, has just made an offer to Circle—the second-largest stablecoin company. How much are we talking? Oh, just a casual $4 to $5 billion for the entire company. Naturally, Circle gave a polite but firm “Thanks, but no thanks.” Why? Because they think Ripple’s offer is as laughable as a three-legged race at a carnival. “You’re undervaluing us!” they cried.

Not one to take no for an answer, Ripple has decided to up the ante. Oh yes, they’ve raised their offer from $5 billion to a whopping $20 billion. Talk about desperation—or is it sheer genius? One can only wonder. Ripple is on a mission to dominate the stablecoin market, and they won’t stop until they’ve got Circle in their clutches.

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2025-05-02 17:48