Benzinga
Published Oct 06, 2023 21:42
Updated Oct 06, 2023 23:10
Whale Activity Weekly Round-Up: XRP Witnesses Significant Dump, ETH, OP Token Incite Interest
Benzinga - Whales are major players in the industry who accumulate or dump tokens of various types of cryptocurrencies. They either take advantage of prices, macroeconomics, accumulate tokens or leverage falling prices to buy the token. Movements in whale activity sometimes impact the price of tokens and sometimes have no impact.
The week saw Polygon (CRYPTO: MATIC) as the winner in token price after a significant whale activity. Also, Wrapped Bitcoin (CRYPTO: WBTC) witnessed a rise in token price after a whale activity was observed.
Find out more about Whales and their significant activities. Meet and engage with transformative Digital Asset and Crypto business leaders and investors at Benzinga's exclusive event: Future of Digital Assets. Tickets are flying: Get yours!
Let us look at some of the week’s major whale activities:
Also Read: Bitcoin Whales May Dump Their Holdings, Leading To Price Volatility: Report
Ripple has been in the news lately for a few positive reasons, too. The SEC’s request for an interlocutory appeal in XRP was denied reaffirming that retail XRP buyers did not expect profits from Ripple. Also, Ripple’s subsidiary received provisional approval for its major payments institution (MPI) license from the Central Bank of Singapore.
Also Read: Crypto Millionaire Whales Target These Assets: Are The Coins Ready To Soar?
Benzinga's Future of Digital Assets conference, scheduled for Nov. 14, is poised to be a pivotal gathering for the digital assets community. The event will spotlight the latest trends, innovations and challenges in the digital asset realm.
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