XRP News: Almost Half Billion XRP Moved Amid Price Surge
XRP News: Ripple native crypto, XRP price is on a constant surge as the investors’ sentiment towards the digital asset market improves. However, data depicts that the crypto whales are moving millions of XRP tokens amid the price jump.
Whales scoop 123 million XRP
As per the whaleAlert, multiple whale addresses cumulatively have moved around 429 million XRP tokens (approx worth $167 million) in the last 24 hours. The single largest whale transaction recorded has been of moving 209 million XRP (approx worth $81 million).
However, crypto whales went on to add $49 million worth of Ripple’s native token (123 million XRP) in multiple transactions. A whale address in a single transaction scooped 94.3 million XRP tokens (approx worth $38 million) from the Binance crypto exchange. Read More XRP News Here…
XRP has been constantly printing green indexes over the past several weeks. XRP price have surged by 12% in the last 7 days. It is trading at an average price of $0.385, at the press time. Ripple’s native token’s 24 hour trading volume has spiked by 55% to stand at $1.3 billion. XRP is still holding a market cap of over $19.5 billion despite facing a lawsuit from the US SEC.
Meanwhile, the transaction tracker has recorded several whale selling XRP transactions as well. Several whales cumulatively move 97 million XRP tokens (approx worth $37 million). It should be noted that all these whales sent their XRP holdings to the Bitstamp crypto exchange.
BSC Whales on accumulation spree?
WhaleStats reported that XRP token has emerged as the second largest crypto held by dollar value by the top 1000 BSC whales. The biggest of the BSC whales are now holding around $27.6 million worth of XRP. However, the LYO token is still the largest token held by these whales.
As per the data, XRP has landed on the tally of the top 10 cryptos puchased by the largest BSC whales. While Ripple’s native has also made it to the list of most traded tokens by the same whales.
- TRUMP Token Gets Major Boost as Issuer Launches $200 Million Treasury Plan
- Gold Vs Bitcoin – Peter Schiff Predicts BTC Will Be ‘Rugged by Gold’
- CEA Industries’ BNB Holdings Reach 480K as Binance Coin Hits New ATH of $1,300
- Peter Brandt Predicts XRP Could Drop to $2.2 If This Happens
- Fed’s Stephen Miran Says He’s ‘Sanguine’ on Inflation Outlook as He Backs More Rate Cuts
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
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.
