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225 Million XRP Moved By Whales; Price Up By 6% – Crypto News
XRP News: XRP, Ripple’s native token price has jumped by around 6% as the crypto market saw a broad recovery on wednesday. However, Ripple published a report about Real estate NFTs on the XRP ledger. This has led crypto whales to accumulate more XRP tokens amid the surge.
Are whales on an XRP accumulation spree?
According to data provided by WhaleAlert, crypto whales have moved more than 225 million XRP tokens on and off the crypto exchanges.
Whales accumulated more than 165 million XRP tokens in the last 24 hours amid the increased volatility in the crypto market. The total whale accumulation is valued at over $61 million.
However, the largest whale accumulation recorded by the tracker is valued at over $20.3 million from the Bitstamp crypto exchange. Meanwhile, these whales have cumulatively added more than 96 million XRP (worth approx $35.6 million) from the same exchange.
As per the data, the largest of the whales moved around 60 million XRP (approx value $22.3 million) from the unknown wallet to the crypto exchange. This move suggests the whale is trying to book a profit here.
XRP price is up by 6% in the last 24 hours. It is trading at an average price of $0.37, at press time.
The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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