XRP News: The U.S. District Court granted the motion of the U.S. SEC and Ripple to set a deadline for the non-parties to request that portions of the Summary Judgment material be sealed. The proposed deadline was January 4, 2023. However, this has not stopped the crypto whale from accumulating XRP tokens.
XRP whales on the move
According to WhaleAlert data, crypto whales have moved more than 442 million XRP tokens (about $170 million) in multiple transactions in the past 24 hours.
Crypto whales bought 156 million XRP tokens (worth about $60 million) in the past day. However, most of the transactions came from the Binance crypto exchange. While the largest transaction on record was adding $18.8 million in XRP tokens.
However more than 188.5 million XRP tokens (worth about $72.8) were moved from unknown wallets to others.
The global crypto market registered a broad recovery on Tuesday. XRP price is up about 3% in the last 24 hours. While XRP is trading at an average price of $0.385 at the time of writing. The 24-hour trading volume is $943 million.
However, XRP still has a market cap of over $19.4 billion while facing legal challenges from the US SEC.
Whales make profit?
Data also shows that the whales moved a large number of XRP tokens to the crypto exchanges during the price surge. More than 98 million XRP tokens (about $38 million) have been sent to exchanges in the past 24 hours.
More than 68 million XRP tokens (about $26 million) were sent to the Bitstamp crypto exchange in multiple transactions.
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.
About the author
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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