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XRP surpasses ETH, SOL and DOGE in supply in profit
In a recent report by Whale Alert, it was found that the XRP cryptocurrency has surpassed Ethereum (ETH), Solana (SOL) and Dogecoin (DOGE) when it comes to supply in profit. The data is based on an analysis of large cryptocurrency transactions.
The initial report highlighted a massive 200 million XRP deposit to Binance, which sparked a heated discussion among the community regarding whether this could be interpreted as a sale by an anonymous whale. However, further investigation revealed that the transaction was actually an internal movement performed by Binance itself.
On the other hand, Whale Alert also found another large transfer involving Dogecoin, with 300 million DOGE being deposited to the same exchange, but in this case, the wallet turned out to be truly anonymous and not associated with Binance.
The XRP community continues to buzz about the implications of these transactions and whether they could signal a rise in the value of the asset.
Source: https://u.today/xrp-beats-eth-doge-and-sol-in-this-key-profit-metric
