Huge BNB whale “Martian Manhunter,” ranked 71st on WhaleStats and now holding 40 million XRP, recently bought 18,800,433 DOGE for $1,256,188.
The unidentified buyer also owns 40 million XRP for $12,471,184 and 25 million ADA worth $11,191,348.
In other transactions, the whale also purchased a few additional cryptocurrencies, one of which was 11,988,683 MATIC for $5,605,116.
This whale also has 30 million TRX tokens and 350,000 LINK tokens.
The XRP token wrapped on the BNB Chain has emerged as one of the top assets held by BNB whales (formerly known as BSC).
Market is recovering
According to WhaleStats, the top 2,000 BSC whales are now “hodling” XRP worth $15,209,981 in value.
In reaction to the volatile trading activity observed since the start of 2022, whales have been actively building up and expanding their holdings by buying at a bargain.
Digital assets began to recover somewhat on July 4 after a week of sluggish activity. The price of XRP was $0.324 at the time of writing, up 3.80 percent over the previous day.
A few tokens gained value at the time of publication, with bitcoin and altcoins seeing a minor recovery.
Dogecoin’s (DOGE) price increased a little, or 4.28 percent, to $0.068.
The market capitalization was at $883 billion at the time of publishing.
The majority of crypto assets have hit record MVRV levels, or “pain” thresholds, in their trading returns, which is when a price reversal to reduce present losses may be a study conducted over the weekend by an on-chain analytics startup Santiment predicts.
Santiment emphasized that it is still difficult to predict when this would occur.
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The price has reached a local peak after seven weeks, according to data from Binance Coin (BNB) whale transactions, since whales have been accumulating BNB at cheaper prices. Since early March, Binance Coin has had its greatest cluster of whale transactions, according to Santiment.
Two cryptocurrencies that the firm created and launched over its existence are Binance Coin (BNB), introduced in June 2017, and Binance Smart Chain (BSC), announced in September 2020.
The recent spike in trading volume to a new record high, the addition of DeFi-related protocols to the Binance Smart Chain, and a continually growing ecosystem that is backed by new collaborations and integrations are three factors that have contributed to the exponential development in the price of BNB.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.