Holy guacamole, whale alert! Big-time investors just made a splash by gobbling up a whopping 100 million XRP when it took a nosedive under the $2 mark. Talk about buying the dip like a pro!
Binance has become a whale magnet, witnessing a tidal wave of XRP deposits—over 2.66 billion tokens in the past month alone. That's the biggest splash since April 2024! These crypto giants aren't just swimming in circles; they're making waves by actively shifting their XRP stash onto Binance, showing that this exchange is their go-to playground.
While the crypto seas were choppy, those savvy whales saw the silver lining and scooped up over 100 million XRP during the market's rollercoaster ride. They pounced when XRP dipped below its $2 safety net, fueled by whispers of a possible price surge on the horizon. With such a massive haul, these deep-pocketed players clearly have high hopes for XRP's future, even with the market's mood swings.
And guess what? XRP has bounced back with a vengeance, now trading around $2.42—a solid 10% jump in just one day! This comeback is riding the wave of Ripple's big news: they've snagged regulatory approval to unleash RLUSD, their shiny new stablecoin. Ripple's head honcho, Brad Garlinghouse, shared the exciting update after jumping through hoops with the New York Department of Financial Services.
In a recent post, Garlinghouse teased that Ripple's about to spill the beans on where RLUSD will be listed and who they're partnering with. Launched in April, this stablecoin is gearing up to give heavyweights like Tether's USDT and Circle's USDC a run for their money. Keep your eyes peeled—exciting times ahead for XRP and Ripple fans! 🌊💰
