More Than 592 Million XRP Moved – Crypto News – Crypto News
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More Than 592 Million XRP Moved – Crypto News

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3 years ago

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XRP News: Ripple’s native crypto, XRP witnesses a significant increase in whale movement. However, crypto whales have been on an XRP accumulation spree since December 2022 as Ripple Vs the SEC lawsuit is edging closer to a judgement. Meanwhile, the tracker reported that in just six separate transactions, a total of 592,258,033 XRP (worth $227,439,311) were moved across the platform.

XRP and Crypto Whales: Something Smells Fishy

according to Whale Alerts, an on-chain whale transaction analytics platform, Mysterious whales moved 592.25 million XRP tokens in six different transactions. A whale moved 232,000,000 XRP worth $88,721,867, the largest of the six transactions, from one unknown wallet to another unknown wallet.

A second whale moved 218,000,000 XRP worth $84,153,392, once again from an unknown wallet to another unknown wallet. In the third and fourth transactions, 63,000,000 XRP worth $24,213,047 was moved from unknown wallets to the crypto exchange Bitstamp.

In the fifth transaction, a crypto whale moved 44,000,000 XRP tokens worth 16,869,516 from Bitso, a crypto exchange, to an unknown wallet. And the last transaction, 35,258,033 XRP was moved from the Binance exchange to an unknown wallet. Read more XRP news here…

In the Deep Shade of Red

At the time of writing, the XRP price is trading at $0.3644. The 6th-ranked crypto assets by market cap is down more than 4.88% in the last 24 hours. XRP is also down more than 5.79% from its one-month high.

Source – CoinMarketCap

The bearish sentiment from the broader crypto market left XRP in the deep shade of red, with no Ripple Vs the SEC lawsuit updates to distract investors.

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Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice. The whole purpose of “XRP News: More Than 592 Million XRP Moved: What Are Whales Up To?” is to educate and provide information about what is trending in the crypto space. Anyone planning to invest in crypto assets should seek his or her own independent financial or professional advice.

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The content presented may include the personal opinion of the author and is subject to market conditions. 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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