XRP News: Ripple’s native crypto, XRP extends its downturn as the digital asset market pushed red indexes for the fourth consecutive day. However, crypto whales appear to be taking advantage of the current dip by accumulating millions of XRP tokens.
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Whales ready to collect more XRP
WhaleAlert data shows that crypto whales have moved more than 280 million XRP tokens (approximately $127 million) in multiple transactions in the past 24 hours. The largest transaction recorded by the tracker involved moving 108.9 million XRP tokens (about $50 million) between unknown wallets.
The tracker reported that a wallet called Ripple also moved 50 million XRP tokens (about $22.8 million) to an unknown wallet.
According to the data, whale wallets moved about 54 million XRP tokens (about $24.8 million) to the Bitstamp crypto exchange to dump. The largest transaction recorded by the tracker was the dumping of 28 million XRP tokens (about $13 million) on the exchange. Read more XRP news here…
Read also: Mt. Gox Hacker Wallet becomes active? 80K Bitcoin on the line?
XRP price is down about 2% in the last 24 hours. This has caused the decline to extend by 13% over the last 7 days. XRP is trading at an average price of $0.457 at the time of writing. 24-hour trading volume is down 12% to $1.07 billion.
However, this dip has allowed the whales to collect 67.6 million XRP tokens (about $31 million) in multiple transactions. The largest accumulation transaction recorded by the tracker was adding 42 million XRP (approximately $19.3 million) from the Bitso crypto exchange.
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