Almost Half Billion XRP Moved Amid Price Surge – Crypto News – Crypto News
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Almost Half Billion XRP Moved Amid Price Surge – Crypto News

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2 years ago

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XRP News: Ripple native crypto, XRP price is on a constant rise as the investors’ sentiment towards the digital asset market improves. However, data depicts that the crypto whales are moving millions of XRP tokens amid the price jump.

Whales scoop up 123 million XRP

As per the whaleAlert, multiple whale addresses have cumulatively moved around 429 million XRP tokens (approx worth $167 million) in the last 24 hours. The single largest whale transaction recorded has been of moving 209 million XRP (approx worth $81 million).

However, crypto whales went on to add $49 million worth of Ripple’s native token (123 million XRP) in multiple transactions. A whale address in a single transaction scooped 94.3 million XRP tokens (approx worth $38 million) from the Binance crypto exchange. Read More XRP News Here…

XRP has been constantly printing green indexes over the past several weeks. XRP price has surged by 12% in the last 7 days. It is trading at an average price of $0.385, at press time. Ripple’s native token’s 24-hour trading volume has spiked by 55% to stand at $1.3 billion. XRP is still holding a market cap of over $19.5 billion despite facing a lawsuit from the US SEC.

Meanwhile, the transaction tracker has recorded several whale selling XRP transactions as well. Several whales cumulatively move 97 million XRP tokens (approx worth $37 million). It should be noted that all these whales sent their XRP holdings to the Bitstamp crypto exchange.

Ashish believes in Decentralization and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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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