Are Whales Dumping XRP? Here’s What the Data Suggests – Crypto News – Crypto News
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Are Whales Dumping XRP? Here’s What the Data Suggests – Crypto News

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XRP News: Amidst the increased uncertainty building around the SEC Vs Ripple lawsuit ruling, XRP seems to be losing its momentum. However, crypto whales are still trying to keep spirits high amid the recent price dump.

Whale moves 300 million XRP

As per the data provided by WhaleAlert, crypto whales went on to move around 300 million XRP (approx worth $122 million). The single biggest transaction recorded by the tracker has been of moving 160 million XRP (worth approx $66 million) to an unknown wallet.

XRP pricee has dropped by around 2% in the last 24 hours while it has declined by more than 14% in the last 90 days. XRP is trading at an average price of $0.407, at press time.

Data depicts that whales have dumped around 100 million XRP (approx worth $32 million) in multiple transactions over the last 24 hours. The biggest dumping transaction recorded has been of moving $15 million worth of 36 million XRP to the Bitstamp crypto exchange. However, whales dumped around 69 million XRP (worth approx $28 million) on the same exchange. Read More XRP News Here….

However, a whale took full benefit of the recent price dip by accumulating around 40 million XRP (approx worth $16.2 million) in a single transaction.

Meanwhile, XRP 24-hour trading volume has dropped by 20% to stand at $837 million. XRP is still holding a market cap of over $20 billion despite facing a lawsuit from the US SEC.

The post Are Whales Dumping XRP? Here’s What the Data Suggests appeared first on CoinGape,

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