Whales

XRP increased by approximately 2% to $1.31, amid a recovery in the cryptocurrency market. At the same time, analysts noted a rise in Binance reserves by 280 million XRP and the highest token deficit index since 2022. These indicators reflect different aspects of exchange supply and do not confirm a sustainable price increase.

Large investors have spent tens of millions of dollars on ETH: one whale bought 27,553 ETH for $62.97 million, another purchased 16,658 ETH for $37.96 million. The ETH chart shows around $2,288, below key moving averages, with support at $2,200–$2,250.

Large Dogecoin holders continue to sell their assets, leading to a price drop of the token to $0.075. Find out more about the current state of DOGE.

According to Lookonchain, three whales deposited 6,168 BTC worth approximately $498.5 million to Coinbase Prime about six hours before the report was published on October 28. Bitcoin was trading around $80,800 at the time. It is unconfirmed whether they sold the coins.

The doubling of Bitcoin deposits on Binance is linked to the inactivity of large cryptocurrency holders, analysts note.

A whale made a token purchase worth approximately $7.22 million, distributing funds across several assets.

Wormhole [W] is facing significant market pressure, recording a loss of about 10% for the day with an overall decline of 24% for the week.

Learn how whales continue to withdraw BTC in large volumes from Binance and what this means for the cryptocurrency market.

Large XRP holders are increasing their stakes on Binance, reaching a seven-month high, while the price of XRP has declined.

Large Bitcoin holders have started accumulating the asset again after months of selling, signaling the potential for a bullish cycle.