This information was made known by the Liquidity tracking resource with the handle XRP Liquidity on X. The group behind the resources pointed out a savvy money wallet related to an address with the tag Musk. According to the report, the individual is fascinated with figures that are related to astronomy.
Sometimes I like to browse thru the XRP wallets.
This one which is associated with a wallet named Musk whom is infatuated with all the famous astrologers. Musk was the newer wallet but sent all the XRP to a no name wallet now containing 17M XRP. This wallet timed the 2018 ATH.. pic.twitter.com/PaSMShFfQA
— XRP_LIQUIDITY (@XRPwallets) February 17, 2024
Remarkably, the whale has wallets with labels like Isaac Newton, Andreessen, Turing, Sagan, Faraday, and others. These addresses are not new addresses but have been activated as far back as 2013 and 2014, close to the periods that XRP trading started.
Among the wallets owned by the whale, the first that was brought on board was the Sagan wallet around the month of June 2013 shortly after that, Isaac Newton was activated followed by Musk around November 2014. These addresses initiated a wide range of other wallets, including a freshly untagged wallet, which the group behind XRP Liquidity has highlighted.
Among the aforelisted wallets, the wallet that receives all the XRP coins in other wallets is the newly untagged wallet (rpdfM4K) spotlighted by the XRP team, activated by Isaac Newton’s address in August 2017. Strangely, the wide range of other addresses moved their assets to this wallet on Aug. 26, 2017, making its total balance 20 million XRP then.
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Spotlight On The Next XRP ATH
These assets have been stored in the address for the past six years. Notwithstanding, the XRP Liquidity team discovered that this wallet moved a sum of 2.99 million XRP to Bitstamp in December 2017, a couple of days before XRP secured its all-time high of $3.31.
Note that XRP was at that point seeing great bullish energy as of December 2017, riding on the upswing that started on Dec. 11, 2017. The address being referred to moved the 2.99 million XRP to Bitstamp on Dec. 14, 2017, in possession of three equivalent transactions.
… By only a few days sending 300k XRP to Bitstamp. And has not moved since.https://t.co/NWJlhDRhT8 pic.twitter.com/KQEiUXRqmJ
— XRP_LIQUIDITY (@XRPwallets) February 17, 2024
The Bullish energy of XRP was sustained as it skyrocketed to $3.31 ATH only 21 days after the wallet executed these transactions. after the transfer, the wallet balance went down to somewhat around 17 million XRP. The addresses have continued to HODL these 17 million XRP right up till now.
In a post that follows, the XRP Liquidity team encouraged investors to watch out for the XRP wallet. according to them, assuming the addresses execute another batch of XRP transfers, it very well may be a sign that XRP is en route to hitting another all-time high.
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If this wallet sends to an exchange again could be an indication of another XRP ATH. Might be good to keep an eye on it. https://t.co/sCbDXkJ1vX
— XRP_LIQUIDITY (@XRPwallets) February 18, 2024
In any case, this smart cash isn’t destined to be a solid mark of the following ATH. Thus, individuals who are investors are advised to decease from consideration of such motion as advice into an investment.
XRP at present changes hands at $0.5612, up 1.14% throughout the course of recent hours. Regardless of its upward force, investors wailed over XRP’s sluggish development contrasted with the performance of other assets.