XRP Whales Accumulate $276M in Tokens as Market Faces Bearish Sentiment

Quick Summary:

On October 1, 2024, a prominent crypto expert made a post on X (Previously Twitter) that several XRP whales have begun accumulating tokens on a large scale.

At press time, due to the ongoing conflict between Iran and Israel, XRP has lost 4.1% of its value in the past 24 hours and is currently trading near $0.601.

Additionally, its future open interest has dropped by 13% in the past 24 hours and has been steadily falling, indicating liquidation of traders’ positions.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United StatesIsrael

Topics: Ripple (XRP) News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 05:42:07 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 334 words

Reading Time: 2 minutes read

Sentences: 2 lines

Sentence Length: 167 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22846531

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Main Topics: Crypto

Official Website: coinpedia.org

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News Last Updated: 10 hours ago

Coverage Areas: United States

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