Are Whales Dumping XRP? Here’s What Data Suggests

XRP News: Amid the increased uncertainty building around the SEC Vs Ripple lawsuit ruling, XRP seems to be losing its momentum. However, crypto whales are still trying to keep spirits high amid the recent price dump.
Whale moves 300 million XRP
As per the data provided by WhaleAlert, crypto whale went on to move around 300 million XRP (approx worth $122 million). The single biggest transaction recorded by the tracker has been of moving 160 million XRP (worth approx $66 million) to an unknown wallet.
XRP price has dropped by around 2% in the last 24 hours while it has declined by more than 14% in the last 90 days. XRP is trading at an average price of $0.407, at the press time.
Data depicts that whales have dumped around 100 million XRP (approx worth $32 million) in multiple transactions over the last 24 hours. The biggest dumping transaction recorded has been of moving $15 million worth of 36 million XRP to the Bitstamp crypto exchange. However, whales dumped around 69 million XRP (approx worth $28 million) on the same exchange. Read More XRP News Here….
Whales buy the dip
A whale took complete benefit of the recent price dip by accumulating around 40 million XRP (approx worth $16.2 million) in a single transaction.
Meanwhile, XRP 24 hour trading volume has dropped by 20% to stand at $837 million. XRP is still holding a market cap of over $20 billion despite facing a lawsuit from the US SEC.
Read Here: Why XRP Price Might Surge Ahead?
However, WhaleStats reported that XRP has landed on the tally of the top 10 tokens by trading volume among the 500 biggest BSC whales over the last 24 hours. As we dig in, XRP also made it to the list of the top 10 tokens purchased by the biggest 100 whales. As per the data, the top 100 whales are now holding more than $26 million worth of XRP.
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- 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?