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The analytical company Santiment notes that the XRP whales show a three-month maximum of network activity, as the cross-border transfer token continues to maintain low prices.
Transactions exceeding $100,000 in the XRP ledger suddenly soared to levels not seen since May, according to the firm.
XRP shows noticeable whale activity, as well as high optimism in the last hours of trading on Friday… In addition, sentiment is at its highest level since April.
Santiment also added that the phrase “rekt” (the misspelling of the word “wrecked”), often used to describe traders who suffered large losses, was used in an avalanche-like way on social networks when liquidations were rampant in the cryptocurrency markets.
The term rekt is skyrocketing in cryptocurrency as there were many longs eliminations by the end of the week. As many traders have followed an upward price trend since the end of June, bitcoin’s drop to $20,800 and ether’s drop to $1600 have caused chaos.
The analytics firm is also monitoring Dogecoin (DOGE) and its rival Shiba Inu (SHIB), which has revealed what the DOGE and SHIB whales were selling at the top of the rally:
Dogecoin and Shibainu experienced a major price correction after Tuesday and Sunday highs. As is often the case, the whales guessed the perfect moments of profit taking and the volume of large transactions increased dramatically in each network.
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