XRP, an eminent cryptocurrency backed by Ripple Labs, birthed a hurricane of speculations across the broader crypto market recently, as the token noted noteworthy whale transactions today, February 9. As per on-chain insights spotlighted by the blockchain tracking platform Whale Alert, two massive whale transactions collectively shifted a staggering 57.75 million XRP to two CEXs, Bitstamp and Bitso.<\/p>\n
Meanwhile, the token\u2019s price jumped substantially today, contrasting with the whale\u2019s massive selloff. Simultaneously, Ripple\u2019s extension of the deadline for remedies-related discovery in the XRP lawsuit for a week appears to have birthed additional inferences for the price action of the Ripple-backed token.<\/p>\n
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A prominent crypto market analyst, XRP Whale, further proclaimed the token to pump hard shortly ahead, nabbing significant attention among crypto market enthusiasts globally.<\/p>\n
XRP Whale Transactions: In-Depth Report<\/h2>\n
According to the data revealed by the blockchain tracking platform Whale Alert, XRP worth $29.85 million was shifted to the CEXs mentioned above through a series of two transactions. The first transaction showcased the transfer of 29.8 million XRP, worth $14.40 million, to Bitso<\/a>, a Mexico City-based CEX. Whereas, the second transaction illustrated the shifting of 27.95 million XRP, worth $14.45 million, to Bitstamp<\/a>, a Luxembourg City-based CEX.<\/p>\n Notably, both transactions were carried out by the same wallet address, \u2026Rzn. What\u2019s even more interesting is that these transactions, orbiting the same wallet address and the two CEXs, appear to be emerging as a recurring phenomenon following Ripple\u2019s recent strategic stake acquisition in these CEXs. Moreover, as reported<\/a> by CoinGape media earlier, the exact address reportedly shifted similar amounts to the same exchanges recently.<\/p>\n <\/p>\n <\/p>\n Furthermore, XRP\u2019s open interest jumped 3.61% as of press time, mirroring the price\u2019s upward movement today, signaling investors\u2019 confidence in an uptrend. Moreover, the options open interest also soared 15.02%, reaching $290.99K.<\/p>\n Also Read: Crypto Prices Today: Bitcoin Nears $46K, Pepe Coin Continues Rebound & DYM Surges 30%<\/a><\/strong><\/p>\n As of writing, the XRP price<\/a> noted an upsurge of 1.41% over the past 24 hours and is currently trading at $0.5176. Its weekly price chart illuminated a 2.38% upswing, nabbing attention among crypto market fanatics.<\/p>\n <\/p>\n Crypto market enthusiast XRP Whale\u2019s remarks on an imminent pump further aligned with the token\u2019s current market dynamics, fueling additional speculations for XRP.<\/p>\nXRP Price Pumps<\/h2>\n
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