Whales Bought Huge Amount of These 2 Altcoins! So why?

According to data from whale watching platforms WhaleStats and WhaleAlert, whales have received a large amount from these two altcoin projects.
 Whales Bought Huge Amount of These 2 Altcoins!  So why?
READING NOW Whales Bought Huge Amount of These 2 Altcoins! So why?

An Ethereum whale has purchased another 50,736,574,302 SHIB, according to data provided by WhaleStats. Also, another 100 million XRP has been added to an anonymous wallet, WhaleAlert reports. For details on altcoin projects, continue reading at Kriptokoin.com.

Largest ETH whale receives another 50 billion SHIB

According to WhaleStats analysis of largest ETH whales, the Shiba Inu is currently the second largest investment of whales after Ethereum. Shiba Inu whales have become more active in the past 24 hours as the number of large transactions has increased by 11%, according to IntoTheBlock data.

https://twitter.com/WhaleStats/status/1503821101335515142

WhaleStats of an ETH whale 50.736.574.302 SHIB (1.106.564) reported that he had purchased the This comes after a massive acquisition of 49.65 billion Shiba Inu ($1,094,317) the previous day. SHIB is rebounding along with the rest of the crypto market and was trading at $0.00002203 at the time of writing, up 1.80%.

Top 100 Shiba Inu whales, Source: WhaleStats

Top 100 Shiba Inu holders as WhaleStats reports a 29.18% increase in the average SHIB balance for this investor category also increased their portfolio. The average SHIB value of their portfolio also grew by 287.43%. Both volume and active addresses have increased by 248.27% and 15.38% in the last 24 hours, showing healthy measurements. WhaleStats top 100 SHIB holders is an anonymous wallet called ‘Light’. The owner of this crypto address holds 35,121,281,443,997 SHIB tokens (worth $770,209,702).

Anonymous whale buys 100 million XRP and altcoin is consolidated

An anonymous XRP wallet has received a large amount of cryptocurrencies worth approximately $74 million as the altcoin remains in the long-term consolidation range. According to the transaction page on the WhaleAlert tracking service, 100 million XRP has been added to an anonymous wallet that currently holds a little over 100 million altcoins from the main exchange.

The ultimate destination of the funds remains unclear, as the wallet continually redistributes the funds received to smaller entities, but is also not tied to another exchange or an OTC trading desk.

The whale’s identity is most likely known to exchange representatives, as the funds were received directly from an exchange that requires KYC procedures for the withdrawal of digital assets. It may actually be owned by large private investors rather than centralized or decentralized services, as wallet activity suggests. The most recent transaction was made on March 7 when the whale moved 1.6 million XRP to the exchange.

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