XRP News: Almost 1 Billion XRP Moved Amid Ripple CEO’s SVB Exposure Talks
XRP News: Ripple’s native token, XRP price hasn’t moved much over the past week while the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have registered a remarkable recovery. However, the crypto whales seem unaffected by the recent bank crisis and its repercussions on the crypto market.
XRP Whale On The Move
According to the data provided by WhaleAlert, crypto whales have moved 916 million XRP over crypto exchanges in multiple transactions over the past 24 hours. The single largest transaction recorded by the tracker has been of moving 278 million XRP (approx worth $100 million) among unknown wallets.
However, WhaleAlert reported that a wallet tagged as Ripple transferred 200 million XRP (approx worth $72.7 million) to an unknown wallet.
Meanwhile, whales have been caught moving XRP in bulk to the crypto exchanges in order to dump the tokens. Data shows that 161 million XRP (approximately $60 million) have been moved to the Bitstamp crypto exchange. The biggest dump transaction recorded has been of moving $18.6 million worth of 51 million XRP to the exchange. Read More XRP News Here…
Data shows that a whale address has bought $11.3 worth of 31.3 million XRP while other whales are moving to dump their holdings.
XRP Lawyer Backs Ethereum Over Security Claims| Read More Here
XRP price haven’t shown much movement over the past 7 days. However, XRP price has surged by more than 2% in the last 24 hours. It is trading at an average price of $0.36, at the press time. XRP’s 24 hour trading volume is down by 6% to stand at $1.4 billion.
These XRP whale movements have come amid the statement given by the Ripple CEO, Brad Garlinghouse around rumors of their funds stuck in the Silicon Valley Bank. In a Twitter Thread, Ripple CEO stated that Ripple had some exposure to the collapsed bank as it was their banking partner at the time.
- Robinhood Lists HYPE As Hyperliquid Flips Aster, Lighter In Perp DEX Volume
- Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow
- US President Promises Deal With China on Everything As ‘Trump Insider’ Begins To Close Bitcoin Shorts- Is A BTC Recovery Ahead?
- Just-In: Changpeng “CZ” Zhao Counters Peter Schiff, Says “Tokenizing Gold Is Not On-Chain Gold”
- $240 Million Hacked Crypto Exchange WazirX Reopens Deposits But Faces Community Backlash
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Forecast: Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- 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
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.
