XRP News: Ripple native crypto, XRP price is constantly rising as investor sentiment towards the digital asset market improves. However, data shows that the crypto whales move millions of XRP tokens during the price surge.
Whales Scoop 123 Million XRP
According to the whaleAlert, multiple whale addresses have moved a total of about 429 million XRP tokens (about $167 million) in the past 24 hours. The largest whale transaction on record was the movement of 209 million XRP (worth about $81 million).
However, crypto whales added $49 million to Ripple’s native token (123 million XRP) in multiple transactions. A whale address pulled 94.3 million XRP tokens (about $38 million) from the Binance crypto exchange in a single transaction. Read more XRP news here…
XRP has been consistently printing green indexes for the past few weeks. XRP price is up 12% in the last 7 days. It is trading at an average price of $0.385 at the time of writing. Ripple’s native token’s 24-hour trading volume is up 55% to $1.3 billion. XRP still has a market cap of over $19.5 billion, despite a US SEC lawsuit.
Meanwhile, the transaction tracker has also recorded several whale-selling XRP transactions. Several whales cumulatively move 97 million XRP tokens (about $37 million). It should be noted that all of these whales sent their XRP holdings to the Bitstamp crypto exchange.
BSC whales on accumulation wave?
WhaleStats reported that the XRP token has emerged as the second largest cryptocurrency by dollar value among the top 1000 BSC whales. The largest of the BSC whales now hold about $27.6 million in XRP. However, the LYO token is still the largest token of these whales.
According to the data, XRP has landed on the list of the top 10 cryptos bought by the biggest BSC whales. While the Ripple resident has also made it to the list of most traded tokens by the same whales.
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]
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