275 Million XRP Moved Amid Price Surge
XRP, Ripple’s native token has proved to be more profitable than the world’s largest cryptocurrency, Bitcoin (BTC) amid the recent crackdown on the digital asset market. However, crypto whales have successfully utilized this period by accumulating more XRP tokens.
XRP outperforms BTC?
As per WhaleAlert, crypto whales have moved more than 275 million XRP tokens over the past 24 hours. Total moved XRP worthed over $107 million.
Data depicts that whales have bought more than 113 million XRP (approx worth $44 million) over the past day. The majority of the transactions were executed from the Bitso crypto exchange. However, the largest transaction recorded has been of acquiring $15.3 million worth of XRP tokens.
XRP has outperformed Bitcoin over the period of the past 30 days. XRP price has jumped by more than 4% while BTC price dropped by 3% in the same period of time. Bitcoin is trading at an average price of $17,234, at the press time.
XRP is trading at an average price of $0.39, at the press time. XRP price jumped by over 2% in the last 24 hours. It’s 24 hour trading volume stands at $748.3 million. However, It is still holding a market cap of $19.6 billion despite facing a lawsuit from the US SEC.
Crypto whales holding or selling?
In order to book profit, crypto whales moved more than 162 million XRP (worth $63.1 million) in the last 24 hours. As per the data, the majority of these tokens were sent to the Bitstamp crypto exchange.
Coingape reported that whales moved 160 million XRP on Thursday as the Ripple Vs SEC lawsuit moves toward the Summary judgment. However, over 4 billion XRP tokens were moved from Bittrex to an unknown wallet.
- Trump Picks SEC Crypto Counsel Michael Selig to Lead CFTC Amid Crypto Oversight Push
- First Spot XRP ETF Hits Milestone as CME Flags Institutional Interest
- Can Hype Price Hit $50 After Robinhood Listing?
- XRP News: Ripple Unveils ‘Ripple Prime’ After Closing $1.25B Hidden Road Deal
- Traders Price In Two More Fed Rate Cuts This Year After Soft Inflation Data
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
- PUMP Price Prediction as Whales Accumulate 4.2B Tokens- Is 135% Rally Next?
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 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.
