In the case between the SEC and Ripple, the XRP price gained approximately 90% after Judge Torres' final decision, which was described as in favor of Ripple.
However, not all XRP altcoin holders turn their profits into cash. According to Binance Smart Chain (BSC) data, some of the biggest XRP whales have not sold any of their holdings, while others have only sold a small portion.
LookOnChain analyzed the top four XRP whales that collectively hold more than 32 million XRP on BSC and have an estimated $22 million worth of assets at current price. Here are their profiles:
- The whale “0xf522” is the largest holder of XRP in BSC with 25 million XRP. This whale purchased all of its XRPs from Binance between April 22 and November 24, 2022 at an average purchase price of $0.43. This whale has only provided liquidity on PancakeSwap, a decentralized exchange on BSC, and has yet to sell any XRP.
- Whale “0x513d” is the second largest holder of XRP in BSC with 4.6 million XRP. This whale bought 10 million XRP from Binance via the address “0xa1c3”, with an average purchase price of $0.45. However, this whale invested 5.4 million XRP back into Binance after the price soared, presumably to make some profit.
- Whale “0x8456” is the third largest holder of XRP in BSC with 1.4 million XRP. This whale purchased all of its XRPs from Binance on December 13, 2022 and May 15, 2023 at an average price of $0.4. The whale in question has yet to sell any XRP.
- Whale “0x8bf6” is the fourth largest holder of XRP in BSC with 1.4 million XRP. This whale purchased all of its XRPs from Binance on December 14, 2022 for $0.39. This whale hasn't sold any XRP yet.
*Not investment advice.