The aggressive accumulation indicates a major player was in a sudden rush to secure a massive position across multiple top-tier exchanges.
An unknown entity scooped up more than $35 million worth of XRP in less than an hour. According to market analyst Dom (@traderview2), the mystery buyer has used a peculiarly specific algorithmic strategy in order to disguise the massive entry. “This isn’t something you see often,” the analyst noted. The unidentified entity in question set up a sophisticated bot that ended up making a total of 156 identical purchases of 10,000 XRP. This was in lieu of placing one mammoth market order that would cause massive slippage.
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Source: CRYPTO WORLD NETWORK NEWS
