Here's what he says Elon Musk, head of Tesla known for his strong interest in the cryptocurrency industry, recently retweeted a post devoted to a new episode of The All-In Podcast, in which the hosts discussed, among other topics, Ripple's recent victory in the legal battle with the SEC. While sharing the tweet, Musk commented, "Good podcast." However, it is unlikely that it was the Ripple-SEC part of the podcast that caught the billionaire's attention. Despite Musk's undoubted appreciation of crypto, particularly Dogecoin and Bitcoin, he never mentioned XRP or Ripple in any of his tweets. Yet, some members of the XRP community are still trying to get Musk's attention on the Ripple-associated token.
Massive 563,571 XRP token shift by whale sparks speculation Following XRP's recent price surge fueled by Ripple's landmark win in the SEC lawsuit, investors are paying close attention to whales, whose behavior often suggests buying or selling activity that might impact the token's value. Per data provided by on-chain analytics firm Lookonchain, an XRP whale has withdrawn a total of two million XRP worth $1.66 million from Binance, moving 563,571 XRP tokens worth $462,000 from the exchange.
The whale has netted an unrealized profit of about $640,000 at an average withdrawal price of $0.51. There could be several reasons why this large holder moved his or her tokens from the exchange. One might be to sell them, and the other to move them into cold storage in order to hold the crypto for a long period in hopes that the price will rise further.
Is this good news for XRP? What do you think, could XRP skyrocket soon?
