225 Million XRP Moved By Whales; Price Up By 6%
XRP News: XRP, Ripple’s native token price has jumped by around 6% as the crypto market saw a broad recovery on Wednesday. However, Ripple published a report about Real estate NFTs on the XRP ledger. This has led crypto whales to accumulate more XRP tokens amid the surge.
Are whales on an XRP accumulation spree?
According to data provided by WhaleAlert, crypto whales have moved more than 225 million XRP tokens on and off the crypto exchanges.
Whales accumulated more than 165 million XRP tokens in the last 24 hours amid the increased volatility in the crypto market. The total whale accumulation is valued at over $61 million.
However, the largest whale accumulation recorded by the tracker is valued at over $20.3 million from the Bitstamp crypto exchange. Meanwhile, these whales cumulatively have added more than 96 million XRP (approx worth $35.6 million) from the same exchange.
Earlier, Coingape reported that the crypto whale moved more than 351 million XRP amid the price dip.
As per the data, the largest of the whales moved around 60 million XRP (approx value $22.3 million) from the unknown wallet to the crypto exchange. This move suggests the whale is trying to book a profit here.
XRP price is up by 6% in the last 24 hours. It is trading at an average price of $0.37, at the press time. It is still holding a market cap of more than $18.9 billion despite facing legal challenges from the SEC.
Ripple to launch Real Estate NFTs
Ripple in a post announced that it has partnered with ProprHome which will leverage the XPR Ledger to create and distribute NFTs. These NFTs will represent property ownership. The firm will bring greater trust and efficiency to the Portuguese real estate market.
It added that debuting a robust NFT and real estate literacy program in order to build a user base. Portugal has Europe’s highest concentration of real estate agents.
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
