Whale trackers have been busy lately as large holders adjust positions during a volatile period for the crypto market. More than $147 million in Solana (SOL) and 70 million XRP have landed on exchanges in the past week or so.
Some market commentators describe these moves as a form of “rotation,” although on-chain transfers alone do not confirm the reason for the activity or where funds ultimately go. Promotional materials have also pointed to increased attention on Digitap ($TAP), a project that says it has raised more than $1.2 million in a token sale in about a month and has discussed a Visa-related partnership.
Solana Sees Large Transfers as Price Trades Below $190
Solana has remained volatile in recent weeks. Even after ETF-related developments involving issuers such as Bitwise and Grayscale, the network’s market price has continued to fluctuate.
SOL’s Monthly Price Chart (4H) | Source: TradingView
Over the last month, SOL’s price has slipped by over 11% to a low of $185 as of October 31. The Bitwise CIO has described Solana as a “two-way win,” citing potential roles in tokenization and stablecoin growth.
Separately, Whale Alert reported two large SOL transfers to Coinbase totaling more than $147 million ($86.5 million and $61.1 million). Large deposits to exchanges can be associated with selling activity, but they can also reflect custody changes or internal transfers.
Analysts, such as Ali Martinez, have highlighted $190 as a key level to watch, while noting that a move below $180 could increase downside risk. These views are speculative and may not play out.
Alongside this market activity, Digitap has been promoted in some commentary following a Visa-related announcement by the team. Any claims about “whales” moving from SOL into Digitap are not independently verifiable based on the exchange-deposit data cited above.
Large XRP Transfers Draw Attention as Sentiment Cools
XRP’s rebound after the October crash looked promising at first. The XRP price moved from around $1.50 to $2.50, but the move was followed by renewed volatility.
XRP’s Monthly Price Chart (4H) | Source: TradingView
Within days, whale wallets began moving funds, and the price pulled back. Over 70 million XRP were reportedly sold in 48 hours, according to the cited post.
XRP’s derivatives positioning also shifted during the month. XRP’s futures open interest fell from about $9 billion to $4.21 billion over the period shown on Coinglass, a change that can reflect reduced leverage and risk appetite.
XRP Futures Open Interest | Source: coinglass
Analysts like TARA have suggested the recent recovery could be a temporary bounce. Any price targets referenced in chart commentary are inherently uncertain.
Digitap’s Claims About Crypto-to-Fiat Features
Digitap describes itself as an “omnibank” product and says it aims to simplify moving between crypto and traditional currency. The team’s messaging has emphasized usability during periods of market volatility.
When coins like Solana and XRP experience sharp moves, some users may seek faster ways to move funds between crypto and fiat. Access, fees, and settlement times vary significantly by provider, jurisdiction, and market conditions.
According to the project, its app is intended to support swapping and spending features. Availability and transaction speed can depend on liquidity, third-party providers, and compliance requirements.
The project has also referenced a Visa-related integration and virtual/physical card functionality. As with other card programs, where and how such cards work can depend on program terms, local regulations, and partner coverage.
Digitap states it has been audited by SolidProof and Coinsult. Security audits can identify certain issues in code, but they do not eliminate risk or guarantee safety.
Digitap Token Sale Mentions Appear Alongside SOL and XRP Whale Reports
In promotional coverage, Digitap’s token sale has been mentioned alongside reports of large SOL and XRP transfers. However, deposits to exchanges do not show whether holders are exiting positions, rebalancing, or moving into any specific project.
Digitap’s team has published token-sale pricing over time, including figures such as $0.0125 and $0.0268. Token-sale pricing changes are set by the issuer and do not necessarily reflect secondary-market value or liquidity.
The project has said it has raised more than $1.2 million and sold 84 million tokens. These figures are project-reported and have not been independently verified here.
A YouTube channel, Crypto Legends, has discussed Digitap. Commentary from influencers should be treated as opinion and may include promotional framing.
What to Know Before Relying on “Whale” Narratives
Large wallet activity can attract attention, but it is often difficult to interpret without additional context. Transfers to exchanges may or may not translate into selling, and they do not indicate whether funds are moving into a particular token sale.
For readers looking for primary sources, Digitap maintains a public website and social pages where it shares updates:
Project website (for reference): https://digitap.app
Social: https://linktr.ee/digitap.app
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned.
