XRP Price Surge Ahead? Whales Activity Spikes
Ripple’s native crypto, XRP price has managed to keep up the momentum amid the crypto winter. However, global crypto has been registering a relief rally since the beginning of 2023. However, the crypto whales have some different plans for the XRP.
Are whales moving XRP price?
As per the Data, XRP price have jumped by almost 10% in the last 7 days. This recent surge was backed by a spike in address activities over the past week.
On Jan 8, 2023, XRP’s daily active addresses stood at around 41k. However, this number has seen impeccable growth as the daily active addresses on Jan 12, 2023, were recorded to stand at 148.5k. XRP daily active addresses surged by more than 107k in just 7 days.
WhaleAlert reported that crypto whales have moved around 193 million XRP (approx worth $70 million) in multiple transactions over the past 24 hours. The single largest transaction recorded has been of a whale buying more than 44.2 million XRP (approx worth $15.5 million) from Bitso, crypto exchange.
However, the whales have bought around 45.2 million XRP (approx worth $30.7 million) from Bitso in the last 24 hours.
Meanwhile, 88 million XRP tokens (approx worth $30 million) have been moved over different crypto exchanges. However, $29.1 million worth of XRP tokens were moved to the Bitstamp.
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