• XRP saw a spike in trading volume following the upward rally in the crypto market.
• Whale tracking website WhaleStats reported that XRP had become the most traded token among the top 100 BSC whales for the day.
• XRP is still a top 10 token for the largest BSC whales, and its smart contract is one of the top 10 most used smart contracts among them.
The crypto world has been abuzz with news of Ripple’s lawsuit against the Securities and Exchange Commission (SEC). This has resulted in increased market movement, and whales have been taking advantage of it. XRP saw a spike in trading volume on Tuesday, as the crypto market went up. This led to an increase in the price of the digital asset, but what was most interesting was that Binance Smart Chain whales were more interested in XRP.
WhaleStats, a whale tracking website, reported that XRP had become the most traded token among the top 100 BSC whales for the day. This dethroned AAVE which had previously dominated the attention of these large whales. It is still a top 10 token for the largest BSC whales, and its smart contract is one of the top 10 most used smart contracts among them.
Whales have been looking to capitalize on the increased market movement in XRP and to take advantage of the increased attention it has been receiving in the crypto news. This has seen a surge in trading volumes and price, but more importantly, it has also led to more whales entering the XRP market. This could lead to more price volatility and further upside, as these large whales look to capitalize on the current market conditions. Therefore, it is important to pay close attention to XRP, as it could be a great opportunity for investors to make some gains in the near future.