Newsletter275 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.
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