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Whales Accumulate Bitcoin and XRP, Santiment Reports Possible Rally

Published 05/28/2024, 05:30 PM
Updated 05/28/2024, 07:15 PM
© Mundo Crypto PR Whales Accumulate Bitcoin and XRP, Santiment Reports Possible Rally
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  • Santiment has spotted a bullish sentiment developing among top cryptocurrencies.
  • XRP whales appear to be moving in a positive direction for the altcoin.
  • The whales have added 3.17 billion more XRP coins to their wallets in the past four years.

Santiment, the market intelligence platform offering onchain and social metrics, has identified a developing bullish sentiment across most major coins in the crypto market. With Bitcoin and Ethereum indicating signs of reclaiming their all-time highs (ATH), large-volume investors, also known as whales, are exhibiting market behaviors aligned with the spotted sentiment.

For context, crypto whales are investors whose wallets hold cryptocurrencies worth over $100,000. Such investors are typically capable of executing transactions that could impact the market direction of several…

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