Large-scale purchase of 1,500,000 XRP yields whale a significant $9 million profit, uncovering the details.
Ah, Bitcoins and XRP Whales! Let's Dive In
- XRP, BTC, ETH whales raking in the dough with unrealized profits over $9 million
- Bitcoin ETFs inflow hits a staggering $311.43 million
Listen up, crypto enthusiasts! The world of whales is heating up, and Lookonchain on the X social media network has the scoop. They've spilled the beans about an anonymous whale who's been making bank on several big-time coins, including BTC, ETH, XRP, and more!
Let's take a closer look at this XRP whale, who's holding onto a cool 1,500,000 XRP, worth a chunky $3,297,900. But that's not all - this mystery investor has also been snapping up 70.8197 BTC, valued at a whopping $6,824,466. Add in 5,000 ETH, 50,000 SOL, and assorted other coins, and we're talking serious coinage here!
What's more impressive is that this whale didn't just sit still; they've actively been trading too. According to Lookonchain, this whale also purchased an additional 309 Bitcoin worth roughly $24,680 each, netting them an unrealized profit of over $5 million!
But wait, there's more! Data from the same source shows that Bitcoin ETFs saw a tremendous inflow of around $311.43 million, equating to approximately 3,215 Bitcoins. The largest inflow landed in the BlackRock ETF IBIT, worth a whopping $352.17 million, or 3,636 Bitcoins. In a week, these ETFs now hold a staggering 607,685 BTC worth a mind-boggling $58.86 billion!
Get this - Bitwise and Fidelity came in hot on BlackRock's heels, with 397 BTC and 264 BTC inflows, respectively. Their total Bitcoin holdings increased by 198,640 Bitcoins for Fidelity and 38,688 BTC for Bitwise. Through the ETFs, 15,035 BTC, worth a jaw-dropping $1.46 billion, have been absorbed over the past week.
With two ETFs seeing major outflows and Franklin ETF standing still, the crypto whale game is in full swing! Keep your eyes peeled for more updates in this exciting world of crypto whales. #XRP #SpotBitcoinETF #CryptoWhales
Insights:- Bitcoin's price has surpassed $100,000, with large institutional investors contributing to the bullish momentum.- Ethereum and other cryptocurrencies also attract the attention of whales. Investors are accumulating Artificial Superintelligence Alliance (FET) and Onyxcoin (XCN) in addition to BTC and ETH.
- It's clear that the rampant crypto trading isn't limited to just Bitcoin, with whales also showing interest in Ethereum and other coins like Artificial Superintelligence Alliance (FET) and Onyxcoin (XCN).
- The whale game isn't just limited to Bitcoin, as the anonymous investor mentioned also accumulated significant amounts of ETH, demonstrating the widespread interest in crypto investing.
- Crypto trading isn't exclusive to Bitcoin and Ethereum, as demonstrated by the whale's accumulation of other cryptos like FET and XCN, showing a diverse investment portfolio in the realm of finance.
