Whales Move To These 2 Altcoins! Will they fly?

Huge altcoin whales have purchased SHIB and XRP in a series of processes over the past 24 hours. It was remarkable that the purchases came during the decline.

Altcoin buys million-dollar SHIB to save whales from decline

The two largest Shiba Inu whales continue to accumulate amid the recent price drop. Meanwhile, SHIB price bounced off the critical support at $0.0000098. In the latest downtrend, two large Shiba Inu whales have accumulated 256 billion SHIB in a 24-hour period at a cost of $2.71 million.

Two major SHIB investors poured millions in three processes to save the chest token from the drop. Whales significantly increased their holdings by adding $1.32 million worth of SHIB to their portfolio. These processes took place in two processes in just 24 hours.

Whales buy another 135 million XRP

Elsewhere, big wallet investors have purchased over $66 million in XRP in the last 24 hours. According to Whale Alert data, the largest process carried more than $19.1 million in XRP. The process took place on the Bitstamp crypto exchange. However, the whales received more than 86 million XRP from the same exchange.

Whale Alert also reported that approximately 122 million XRP has been moved from one anonymous wallet to another. In the middle, $10.7 million in XRP was moved from the whale wallet to the Bitstamp crypto exchange for sale.

https://twitter.com/whale_alert/status/158102134133111228

Do litigation decisions help the coin?

XRP is currently trading at $0.4858. 24-hour process volume decreased by 52% to $1.02 billion. Despite the long legal battle with the SEC, XRP has managed to stay on the top 10 cryptocurrencies list. XRP currently has a market cap of $24 billion. However, the recent decisions in the critical case proved favorable for Ripple. It raised investor sentiments in favor of XRP.

As whales buy, altcoin community continues SHIB burning efforts

Based on data from Shibburn, a total of 132 million SHIBs were permanently destroyed by the collective efforts of the SHIB community. Thus, the Shiba Inu recorded a 600% increase in burn rate. Two of the largest burning processes, 54,946,535 and 30,763,170, were both handled by the same anonymous wallet.

Shiba Inu welcomes 100,000 new investors

The number of Shiba Inu’s investors continues to climb to reach the ATH level. Currently, more than 100,000 investors have been added to the list. In addition, a total of 2,203,375 users currently own Shiba Inu. In the worldwide launch of Shiba Eternity, it added roughly 10,000 users to Shiba. Analysts have set a target of $0.00001081, $0.00001109 and $0.00001156 for the Shiba Inu.

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