XRP News: XRP, Ripple’s native crypto, has emerged as the most profitable token among the top 10 digital assets in the past 30 days. The price of XRP is up more than 12%, while the price of the largest cryptocurrency Bitcoin (BTC) is up just 6% over the same period. This price move has helped XRP regain the 6th spot in the tally.

Whales move massive amounts of XRP

According to WhaleAlert data, more than 411 million XRP have been moved in the last 24 hours. Whales purchased over 76.9 million XRP tokens (approximately $30 million) in multiple transactions.

However, the largest transaction recorded by the whale tracker was adding $16.6 million worth of XRP from the Binance crypto exchange.

Meanwhile, the whale tracker recorded an unusual move 300 million XRP tokens (worth approximately $115.97 million) were moved from Binance to an unknown wallet. However, this transaction comes amid the heavy withdrawals registered with the Binance, crypto exchange.

CZ, CEO of Binance said this is just a FUD. it has been tracking the crypto exchange since the ICO in 2017. Coingape reported deposits coming back to the Binance. He added that the FUD surrounding Binance facing FTX contamination and an investigation by DOJ is the reason behind the massive withdrawals.

Ripple’s native token regains the 6th spot

On the other hand, a whale also moved about $13.8 million in XRP tokens to the Bitstamp crypto exchange amid the recent price hike.

XRP price is up about 12% in the last 30 days. Ripple’s native crypto is trading at an average price of $0.39 at the time of writing. The 24-hour trading volume has increased to $972 million.

This price increase has helped XRP regain the 6th spot in the count of the best digital assets. XRP has a massive market cap of over $19.66 billion, despite a lawsuit from the SEC.

Ashish believes in decentralization and has a keen interest in the development of Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching a thriller or exercising outside. Reach me [email protected]

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

This post 411 million XRP on the way; XRP regains 6th place

was published first on https://coingape.com/xrp-news-411-million-xrp-on-the-move-xrp-reclaims-6th-spot/


Write A Comment