Are Crypto Whales Riding XRP Price Surge?
Ripple’s native crypto, XRP price, and its community has been riding high over the recent development in the crucial SEC Vs Ripple lawsuit. However, crypto whales have been on an XRP accumulation spree utilizing the “Buy The Dip” opportunity.
Whales move 200 mln XRP
As per the data provided by WhaleAlert, crypto whales have managed to move more than 200 million XRP tokens (approx worth $72.6 million) in the last 24 hours. However, XRP price have surged by around 5% in this period.
Crypto whale bought more than 77 million XRP tokens in multiple transactions. Around $27 million worth of Ripple’s native token was bought from Bitso, a crypto exchange in the last 24 hours. However, the largest accumulation transaction recorded has been of adding 44 million XRPs.
Meanwhile, some whales moved their XRP holdings to crypto exchange amid the recent price surge. As per the data, Crypto whales sent 80 million XRP tokens (approx worth $28 million) to Bitstamp. However, a wallet tagged as Ripple moved 50 million XRP (approx worth $17.4 million) to an unknown address. Read More XRP News Here…
XRP price have surged by more than 6% in the last 7 days. Ripple’s native crypto is trading at an average price of $0.3639, at the press time. However, its 24 hour trading volume saw a drop of 3% to stand at $1.1 billion.
Ripple drops crypto 2023 report
Ripple Labs dropped a 2023 crypto report “A Focus on Real-World Utility”. It mentioned that Ripple’s executive predicts that from Non-Fungible Tokens (NFTs) to Central Bank Digital Currencies (CBDCs) will involve their application for real world utility.
It added that they expect to see a general shift in the marketplace. This will be a shift from highly speculative firms to firms that seeks digital asset solutions to solve real-world problems.
2022 saw a horrible collapse of crypto firms like FTX, Celsius, Voyager and Three Arrows Capital. This has led to declining valuations and distressed asset which will present more opportunities for acquisition.
- ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?
- Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle
- Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 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.
