Arbitrum

Resistance

Frenzy

Chip

<ol> 
 <li>Whales are accumulating popular coins, specifically XRP and ARB.</li> 
 <li>XLM is also surging at a similar weekly gain to XRP, outperforming most top assets.</li> 
 <li>BTC and ETH are stuck at critical support levels and have yet to show a bullish move.</li> 
</ol> 
<p>It may indeed be the start of the bull run for the crypto market, as the accumulation game for some blue chip coins is already starting among the whales despite an indecisive market.</p> 
<p>According to on-chain tracking platform Lookonchain, whales have started buying and withdrawing millions of dollars worth of XRP (XRP) and Arbitrum (ARB) from exchanges such as Binance. One whale withdrew a total of 2 million XRP, worth around $1.66 billion today, from Binance.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">A whale withdrew 563,571 <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a>($462K) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> again yesterday.<br><br>The whale has withdrawn a total of 2M <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a>($1.66M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a>, the average withdrawal price is $0.51 and the current unrealized profit is ~$640K.<a href="https://t.co/lM0KoEKuVc" rel="noopener noreferrer nofollow">https://t.co/lM0KoEKuVc</a> <a href="https://t.co/p7IeKvz6HC" rel="noopener noreferrer nofollow">pic.twitter.com/p7IeKvz6HC</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1681922904458674177?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 20, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>ARB is even better, as one whale has withdrawn $11 million worth of ARB from Binance in a span of two days.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Whale"0x6950" withdrew 4.6M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ARB</a> ($5.84M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> again just now.<br><br>The whale has withdrawn a total of 9M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ARB</a> ($11.4M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> in the past 2 days.<a href="https://t.co/E9GCmJ7ftc" rel="noopener noreferrer nofollow">https://t.co/E9GCmJ7ftc</a> <a href="https://t.co/FNI1gBbxrd" rel="noopener noreferrer nofollow">pic.twitter.com/FNI1gBbxrd</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1681546063063425024?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 19, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Meanwhile, Bitcoin (BTC) and Ethereum (ETH) are still stuck in a tug-of-war between the bulls and the bears. Specifically, BTC is barely able to keep its footing at $30,000 while ETH is still at $1.9K.</p> 
<p>Aside from the above-mentioned coins, another crypto worth mentioning is Stellar (XLM), which is on a 22% overnight surge, catapulting its price to $0.168 per coin, as of the time of writing. This translates to a 7-day rally of 74.4%, akin to XRP.</p> 
<p>As to what is causing XLM’s rally, there isn’t anyone who could provide some solid fundamentals. However, it should be noted that Stellar was founded by Jed McCaleb, one of Ripple’s founders before he left the company and formed his own.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also :</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/arbitrum-undervalued-blue-chip-claims-lark-davis/" rel="noopener noreferrer nofollow">Arbitrum (ARB) – The Undervalued Blue Chip, Claims Lark Davis</a></li> 
 <li><a href="https://cryptonewsland.com/arbitrum-arb-price-prediction/" rel="noopener noreferrer nofollow">Arbitrum (ARB) Price Prediction 2023 to 2032: Will ARB Price Hit $5 Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/samsung-is-working-on-new-chip-to-power-efficient-bitcoin-mining/" rel="noopener noreferrer nofollow">Samsung is Working on New Chip to Power Efficient Bitcoin Mining</a></li> 
 <li><a href="https://cryptonewsland.com/arbitrums-1-42-hurdle-will-bulls-overpower-resistance-as-bitcoin-regains-28k/" rel="noopener noreferrer nofollow">Arbitrum’s $1.42 Hurdle: Will Bulls Overpower Resistance as Bitcoin Regains $28K?</a></li> 
 <li><a href="https://cryptonewsland.com/arb-token-distribution-ignites-potential-price-surge-frenzy/" rel="noopener noreferrer nofollow">ARB Token Distribution Ignites Potential Price Surge Frenzy</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/whales-are-accumulating-xrp-arb-amid-crypto-market-indecision/">Whales Are Accumulating XRP and ARB Amid Crypto Market Indecision</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Whales Are Accumulating XRP and ARB Amid Crypto Market Indecision

Crypto News Land

Other articles published on Jul 20, 2023

United Kingdom FCA Chairman Makes Statements on Cryptocurrency

VR Tokens Grow 704% in 2023 First Half, While PEPE Gains 3700X: Report

A Glimpse into the Life and Work of Bob Iger, CEO of Walt Disney

As Solana & DigiToads Trading Volume Gain Massive Traction, This is a Great Time to Invest in TOADS

Vitalik Buterin unveils the future of Ethereum wallets

Samsung’s 3nm Tech Powers MicroBT’s Crypto Miner, Marking Commercial Leap for GAA Process

Join our free newsletter for daily crypto updates!