XRP hype: Analyst expects “wealth explosion” through Ripple coin
- On-chain data from Whale Alert shows that 135.54 million XRP, worth $397.03 million, were transferred from one unknown wallet to another. Shortly thereafter, another transaction of 141.81 million XRP, worth $415.62 million, also occurred between unidentified addresses.
- This means that XRP tokens with a total value of more than $812.6 million were moved within a single day. These whale transactions do not necessarily indicate a sale. Since the coins merely changed wallets, it can be assumed that large investors are holding on to XRP for the long term.
- Crypto analyst AltcoinBale is also bullish. In an X post, he writes: “What I'm hearing is crazy. The integration of XRP will lead to a generational wealth explosion.”
- The community's reactions reflected a clear divide. Proponents like user LifeOfFinance declared that XRP would be “the rails on which the new financial system runs.” Critics, however, pointed to a lack of evidence. User GMan007 commented: “I've been hearing this for years.”
- But the fact is: The XRP ETF launch has already broken records.
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Sources
- Data from Whale Alert
- AltcoinBale on X