Surge in XRP Whales' Activity: Over 515 Million XRP Transferred, New Whales Emerge

Whale Activity Highlights

The past 24 hours have witnessed a surge in XRP whale activity, with over 515 million XRP exchanged, according to cryptocurrency tracking bot Whale Alert. Notably, several new XRP whales have entered the market during this period.

Key Transactions and Whale Emergence

Six crypto transactions were detected, two of which involved transfers of more than 120 million XRP, while one moved almost 200 million XRP. Notably, these transactions were received by wallets labeled as "unknown new" by Whale Alert. Three transactions, collectively valued at $177.5 million in fiat, were marked as withdrawals from the major European cryptocurrency exchange Bitvavo. Interestingly, all three transactions moved the XRP to new wallet addresses, indicating the potential emergence of three new cryptocurrency whales.

Centralized Exchanges and Ripple's Involvement

Among the six transfers, two were deposited to major cryptocurrency trading platforms Bitstamp and Bitso. These transactions, totaling $25,654,301, were made from an anonymous wallet address associated with Ripple Labs. Both Bitstamp and Bitso collaborate with Ripple Labs, providing a foundation for Ripple's transnational payment service, now known as "Ripple Payments."

Max Keiser's Bearish Predictions

Bitcoin maximalist Max Keiser issued bearish predictions for XRP, referring to it as "centralized garbage." Keiser expects XRP to fall to zero against Bitcoin, asserting that BTC is the only decentralized commodity and money.

Increased XRP whale activity, involving transfers of over 515 million XRP, raises speculation about the emergence of new whales. Notable transactions to major exchanges and Ripple's involvement add further intrigue to the evolving XRP landscape. Meanwhile, bearish predictions from Bitcoin maximalist Max Keiser underscore the ongoing debate surrounding XRP's decentralized nature.