Whales Take Action: Huge Transfers in XRP, STRK Coin and Those 3 Cryptos!

The cryptocurrency market has witnessed the movements of some important players in the last 24 hours. While transfers from investors called “whales” who hold large amounts of crypto money can cause fluctuations in the market, they create sales pressure fluctuations on the XRP front. Here’s the latest activity in STRK coin and various other cryptocurrencies…

Uniswap and Ethereum whale made a big transfer to Binance

According to information tracked by The Veri Nerd, 427,600 UNI (approximately $4.74 million) was transferred from one wallet (or two wallets, just like the whale) to Binance today. These tokens were purchased on May 24 at an average price of $9.33, and if they were all sold at the current price, a benefit of $750,000 could be realized.

Again, according to The Veri Nerd data, the whale with address 0x454 removed 1,127 ETH (approximately 4.4 million dollars) from Tranchess 5 hours ago and transferred it to Binance. These ETHs were purchased at an average price of $1,756 last year. If everything were sold at the current price, a profit of $2.06 million could be made.

Sleeping Quant investors took action

According to information tracked by @ai_9684xtpa, the wallet of the early Quant investor, which has been dormant for five years, became active again last month and transferred $ 9.76 million worth of QNT to Kraken today. This caused the transfer to be evaluated as a sell signal. The wallet in question received 321,580 QNT from Quant’s multi-signature address on June 25, 2018. After five years of inactivity, he sold 8,050 QNT (worth $740,000) via MetaMask between May 24 and June 3, 2024. After this transfer, there are still 200,000 tokens in the wallet and the value of this amount is 16.55 million dollars.

There is also activity for XRP and STRK coin

According to Spot On Chain information, wallet number 0x09903 (probably the Starknet team) transferred 2.6 million STRK ($2.42 million) to Wintermute Trading OTC 6 hours ago. This wallet received 149.5 million STRK ($530 million) from the StarkNet: Token Distributor contract 1 year and 2 months ago. The wallet, which made a similar move last month, transferred 7,475 million STRK (approximately 8,729 million dollars) in the last three months.

Finally, XRP has brought up flurries of selling pressure, largely due to the coin moving to centralized exchanges following the recent price recovery. It was detected that a whale transferred 30.35 million XRP to exchanges in the last 24 hours. This move could cause supply to increase in the market and cause the XRP price to drop.

XRP is currently trading at $0.4872 and the last 24-hour trading volume is $661,747,811.30. This means a decrease of 0.38% compared to the previous day and 2.04% compared to the previous week. With 56 billion XRP in circulation, the market value of XRP is $27 billion. Despite the recent price drop, positive developments around the XRP Ledger (XRPL) have led to a measure of optimism in the market.