In a recent post on X, crypto analyst Ali Martinez (@ali_charts) reported that XRP whales acquired nearly 1 billion tokens within 24 hours. The chart he shared suggests this accumulation occurred as XRP experienced a sharp decline—a decline that some experts have attributed to market manipulation. Martinez’s post gained attention due to the timing of these purchases. XRP had initially surged on March 2 following Donald Trump’s announcement of a national crypto reserve , which included major cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, and XRP. However, a sudden price drop shortly after led some analysts to question whether whale activity influenced market movements. Whales bought nearly 1 billion $XRP in the last 24 hours! pic.twitter.com/5KTdhjb0jg — Ali (@ali_charts) March 3, 2025 Whale Transactions and Market Trends Data from recent market activity supports the claim that large investors have been accumulating XRP in significant amounts. One notable transaction involved a single entity acquiring 65 million XRP in tandem with broader whale accumulation trends. However, further analysis shows that XRP is currently in a local distribution phase , meaning large holders may be either consolidating their positions or strategically offloading assets to retail investors. The asset has experienced an extended selloff period, and the pressure may hinder a powerful comeback. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market Manipulation Concerns While large-scale crypto purchases are common, the magnitude of these XRP acquisitions and their correlation with a sudden price drop have led to concerns about possible market manipulation. While the price decline was caused by broader market factors, it may have been exacerbated by strategic selling or profit-taking among whales. The decline in late February and early March allowed whales to accumulate almost $1 billion in XRP , and the trend highlighted by Martinez suggests a similar behavior as the price attempts another recovery. XRP’s Steady Recovery This accumulation could also signal confidence in XRP’s long-term value, with whales capitalizing on short-term price swings to increase their holdings at minimal cost. The asset has slowly begun its recovery, and we could see more growth in the coming days. XRP is currently trading at $2.44, up 1.48% from yesterday. Martinez’s analysis highlights the significant influence that whale activity has on XRP’s market movements. The accumulation of nearly 1 billion XRP during heightened volatility suggests that large investors are actively shaping price trends. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post 1 Billion XRP In 24 Hours. Here’s the What Happened appeared first on Times Tabloid .
