Whales Carry Come 50 Million XRP Inside 48 Hours
For August 9, on-chain analyst Ali (@ali_charts) talk on X say big whale address don gather about 50 million XRP tokens for past 48 hours. Na the buying wey whales dey do, wey dem find through on-chain data analysis, show say institution dem get strong interest for XRP. Dis kind concentrated accumulation too dey show say market get bullish mind and fit push price go up. Crypto traders suppose dey watch further whale movements and important on-chain market indicators coz similar whales accumulation don always show say rally go happen for digital asset markets before.
Bullish
When whale dem dey accumulate plenty XRP, e usually mean say tin go better, dem big holders or institutions get strong confidence. Historically, when whale dem buy plenty, e dey reduce the supply wey dey circulate and e fit come before price sharp rise, like how Bitcoin and Ethereum whales dey do. Short term, e fit cause pressure make XRP price rise because demand dey increase. Long term, if whale dem continue to dey accumulate, e fit show say dem believe for asset fundamentals and e fit make more investors gather and keep stable upward trend.