Claim Bonus275 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.
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.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- XRP News: Ripple Expands Custody Services to Ethereum and Solana Staking
- Bernstein Downplays Bitcoin Bear Market Jitters, Predicts Rally To $150k This Year
- Breaking: Tom Lee’s BitMine Adds 40,613 ETH, Now Owns 3.58% Of Ethereum Supply
- Bitget Partners With BlockSec to Introduce the ‘UEX Security Standard’ Amid Quantum Threats to Crypto
- Breaking: Michael Saylor’s Strategy Buys 1,142 BTC Amid $5B Unrealized Loss On Bitcoin Holdings
- Cardano Price Prediction as Bitcoin Crashes Below $70k
- Bitcoin Price at Risk of Falling to $60k as Goldman Sachs Issues Major Warning on US Stocks
- Pi Network Price Outlook Ahead of This Week’s 82M Token Unlock: What’s Next for Pi?
- Bitcoin and XRP Price Prediction as China Calls on Banks to Sell US Treasuries
- Ethereum Price Prediction Ahead of Feb 10 White House Stablecoin Meeting
- Cardano Price Prediction as Midnight Token Soars 15%
