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.
- Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- $1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP
- Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
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.
