Two altcoins witnessed significant whale activity in the past 24 hours.
What Happened: An unknown wallet address transferred 71.2 million Dogecoin (CRYPTO: DOGE) (worth $6.4 million) to a Robinhood wallet address and 40.03 million to another unknown wallet address, according to Whale Alert.
Another transaction shows that an unknown wallet address transferred 367.06 million DOGE ($33.6 million) to another unknown wallet address.
As for XRP, the cryptocurrency created by Ripple Labs (CRYPTO: XRP):
A Binance wallet address transferred 300 million in XRP to an unknown wallet address.
The tokens were worth $185.058 million.
In another transaction, 139.4 million XRP was transferred between two unknown wallet addresses.
In a third transaction, an unknown wallet address transferred 27.8 million to a Bitstamp address.
A fourth transaction involved the transfer of 70 million XRP from a Ripple wallet address to an unknown wallet.
Data shows that the XRP Ledger reported an unexpected surge in activity, with daily transactions expanding 350% within the past 24 hours to 4.11 million transactions. This is the highest in the last two years. In November 2021, transactions stood at a record 5.09 million.
Also, the number of new accounts activated stood at 20,183 highest in the last two years last being in November 2021 (21,251).
Why It Matters: Close observers of the activity have varying takes on what all this activity could mean.
Crypto Daily Trade Signals predicts that “#Dogecoin Will do something Big in 15 Days.”
Another user, @itsALLrisky said, “2024 goal: say “Dogecoin to the moon!” at least once per day”
An account known as Doge-Panda wrote, “Ain’t nothing holding Ðogecoin down…hope y’all bought the dip n is getting ready to be on this rocket #dogecoin.”
Dogecoin creator Billy Markus, widely known as Shibetoshi Nakamoto, also chimed in, asking his followers on Dec. 24: “Which is better, Solana or Ethereum? my opinion on which one is better is whichever community tips me more!”
He went on to add his SOL and ETH addresses on the post and within just five hours he collected over $10,000 in various cryptocurrencies, with his Ethereum wallet…
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