- XRP Liquidity on X links the “Musk” tagged wallet to potential future price peaks through analysis of its transactions.
- Investor’s interest in scientific figures reflects in XRP wallet tags, suggesting a strategic investment approach.
- Previous transfers from a notable XRP wallet preceded the 2017 high, hinting at signs of future market movements.
XRP Liquidity on X, an XRP liquidity tracker, has shed light on a smart wallet that could signal when Ripple’s cryptocurrency, XRP, is poised to reach a new zenith in its value. The focus centers on a smart money wallet with an address tagged “Musk.”
Moreover, the owner of this wallet exhibits a keen interest in luminaries from the realms of astronomy, science, and technology, which is evident through wallet tags such as Isaac Newton, Andreessen, Turing, Sagan, and Faraday. These wallets, including the one tagged “Musk,” were all activated between 2013 and 2014, following XRP’s debut in the trading sphere.
Additionally, the whale behind these wallets initiated with the Sagan wallet in June 2013, followed by the activation of Isaac Newton and Musk in November of the same year. Subsequently, these wallets played a role in activating other addresses, culminating in the spotlight on an untagged wallet, rpdfM4K, which was brought into play by the Isaac Newton address in August 2017. This wallet received all XRP holdings from the aforementioned addresses on August 26, 2017, amassing 20 million XRP.
This untagged wallet’s behavior in December 2017, transferring 2.99 million XRP to Bitstamp just days before XRP hit its record high of $3.31, has been highlighted as a potential precursor to future price peaks. The transactions occurred amid a bullish wave for XRP, starting December 11, 2017, with the wallet’s transfers executed on December 14. The price of XRP soared to its all-time high just 21 days later.
Since that transfer, the wallet has held onto approximately 17 million XRP. XRP Liquidity on X advises the investment community to monitor this wallet closely, suggesting that similar future transfers could indicate the cryptocurrency is on the brink of another significant price movement.
At press time, XRP was trading at $0.5577, marking a 0.16% increase over the last 24 hours, per CoinMarketCap. This uptick comes amid sentiments of slow growth for XRP compared to other cryptocurrencies, highlighting the challenges and opportunities within the digital asset landscape.
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