XRP News: Amid the heightened uncertainty surrounding the SEC Vs Ripple lawsuit, XRP appears to be losing momentum. However, crypto whales are still trying to keep their spirits up during the recent price dump.
Whale moves 300 million XRP
According to WhaleAlert data, crypto whale then moved with about 300 million XRP (about $122 million). The largest transaction on record by the tracker of moving 160 million XRP (worth about $66 million) to an unknown wallet.
XRP price is down about 2% in the last 24 hours, while it is down more than 14% in the last 90 days. XRP is trading at an average price of $0.407 at the time of writing.
Records show whales dumped about 100 million XRP (about $32 million) in multiple transactions over the past 24 hours. The largest dumping transaction on record was moving $15 million worth of 36 million XRP to the Bitstamp crypto exchange. However, whales dumped about 69 million XRP (about $28 million) on the same exchange. Read more XRP news here….
However, a whale took full advantage of the recent price drop by collecting about 40 million XRP (about $16.2 million) in a single trade.
Meanwhile, XRP 24-hour trading volume is down 20% to $837 million. XRP still has a market cap of over $20 billion, despite a lawsuit from the US SEC.
The post Do Whales Dump XRP? Here’s What Data Suggests first appeared on CoinGape.
This post Are Whales Dumping XRP? Here’s what data suggests
was published first on https://coingape.com/xrp-news-whale-caught-moving-300-million-xrp-amid-price-dump/
