Altcoin
XRP Trading Vol Up By 90%; Whales Move 500 Million XRP
XRP News: XRP, Ripple’s native token price is on a downturn despite receiving positive updates from the crucial SEC lawsuit. XRP price is down by 11% in the last 7 days. However, whales have fully utilized this price dip opportunity by going on an XRP buying spree.
Whales moving XRP Price?
As per the data provided by WhaleTracker, more than 500 million XRP tokens have been moved by the crypto whales in the last 24 hours. These largest wallets managed to transact $172 million worth of XRP tokens.
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Whales have moved around 431 million XRP tokens (approx worth $147 million) from crypto exchanges to personal wallets. The largest transaction recorded by the tracker is of moving 325 million XRP. Around $112 million worth of XRP tokens were moved from the Binance crypto exchange.
However, a transaction of moving 50 million XRP tokens (approx worth $16.7 million) were moved from Ripple tagged address.
This has led XRP 24 hour trading volume to surge by 90%. It now stands at $1.08 billion. However, the XRP price has jumped marginally in the last 24 hours. XRP is trading at an average price of $0.3413, at the press time.
Meanwhile, crypto whales have dumped around 72.5 million in the last 24 hours. Over $24 million worth of XRP tokens were moved from the whale addresses to the Bitstamp crypto exchange.
XRP is holding a market cap of over $17.1 billion despite facing legal tussle from the SEC.
The presented content 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.
