Crypto whales have been capitalizing on the crypto market recovery to hunt down bigger gains on several altcoins. On-chain analysis beams the spotlight on 3 altcoins that have witnessed unusually high capital inflows from large institutional investors ahead of November 2023. 

As the market rally matures, crypto whales have strategically invested in Ripple (XRP) and two other top-ranked altcoins. Will these tokens deliver timely profits in November 2023? 

Whales Stepped Up Ripple (XRP) Accumulation After Legal Victories

The Ripple (XRP) team has further consolidated on the landmark victory over the Security and Exchange Commission (SEC). In October, the SEC dropped a long-running “market manipulation lawsuit filed against Ripple’s top executives. 

On-chain data reveals that strategic crypto whales have accelerated XRP accumulation on the news. Over the last 10 days, the whales holding 1 million 100 million XRP have acquired another 80 million coins. This has triggered an instant XRP price rebound above $0.60.

The whales intensified their buying pressure shortly after the SEC dropped the case around October 19. Valued at the current price of $0.60, the newly acquired 80 million XRP coins are worth ap

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Author: Ibrahim Ajibade

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