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Blockchain analytics firm Santiment says XRP Whales hit a three-month high in network activity as the token continues to weather low prices.
Transactions over $100,000 on the XRP ledger have surged to levels not seen since May, according to the company.
XRP shows notable whale activity and high optimism at the close of trading hours on Friday. it’s the best.”
Santiment also announced that the term “lecto,” a satirical misspelling of “lecto,” often used to describe traders who have suffered heavy losses amid liquidations rampant in the cryptocurrency market, was slammed across social media on Friday. said to have exploded.
The term rekt has skyrocketed in cryptocurrency due to the many long liquidations at the end of the week. A drop to the low $1,600s caused turmoil.
Analytics firms are also eyeing Dogecoin (Doge) and rival Shiba Inu (Sibu). According to Santiment, DOGE and SHIB whales were able to sell off the top of their respective rallies as large transactions exploded simultaneously.
Dogecoin and Sibaine have experienced significant price corrections after Tuesday and Sunday highs respectively. It gave me a sense of the moment of profitable gains.
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