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XRP news today: Crypto Whale Nabs $9M Profit, Buys $24.68M in BTC Amid Market Dips

Coin WorldSaturday, May 3, 2025 5:46 pm ET

1min read

A prominent crypto whale has made significant moves in the market, accumulating substantial profits and holdings despite recent market fluctuations. The whale managed to net over $9 million in profits across a diverse portfolio of 22 tokens, including major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC), XRP, and Chainlink (LINK). This achievement is notable given the mild pullbacks observed in the broader market over the past 24 hours.

In addition to these realized profits, the whale made a substantial purchase of 309 BTC, valued at approximately $24.68 million at the time of acquisition. The average price per coin for this purchase was $79,792. With Bitcoin's current price at $96,001.19, the whale is now sitting on unrealized profits of over $5 million from this investment. This aggressive accumulation indicates a strong belief in Bitcoin's long-term potential and resilience.

The whale's actions stand in contrast to the slight pullbacks seen in major cryptocurrencies over the last day. Bitcoin, despite its recent surge, experienced a modest 0.88% dip over the past 24 hours, although it remains up 1.92% on the week. Ethereum also saw a 0.22% daily decline but managed a 1.17% weekly gain. Solana faced increased selling pressure, falling 1.97% in the last 24 hours and 1.53% over the week. Litecoin's price action was relatively stable, with a 2.39% daily drop but a 0.20% weekly gain.

Other large-cap altcoins showed mixed results during the same period. XRP continued its recent downtrend, dipping 0.93% in the last 24 hours and 0.68% over the week. Chainlink fared worse, with a 2.17% daily drop and a 3.96% weekly loss. These fluctuations highlight the volatile nature of the cryptocurrency market, where even minor shifts can have significant impacts on individual tokens.

The whale's strategic moves and substantial holdings underscore the ongoing interest and confidence in the cryptocurrency market, despite short-term market dips. The ability to generate significant profits and accumulate large positions during periods of market uncertainty demonstrates the whale's expertise and foresight in navigating the complex landscape of digital assets. As the market continues to evolve, such high-profile investments and trades will likely draw further attention and influence the broader sentiment among investors.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.