Crypto Whales Move 214 Million XRP As Ripple Lawsuit Ruling Closes In
XRP News: Ripple’s native crypto, XRP registered a slight decline on Thursday as the global digital saw a broad sell-off. The recent drop comes in as U.S. financial regulators launched fresh legal attacks on several crypto exchanges. However, crypto whales got caught moving millions of XRP in between the price drop.
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XRP Price Up By 37% In 30 Days.
As per the data provided by WhaleAlert, more than 214 million XRP tokens (approx worth $107 million) have been moved by crypto whales in multiple transactions over the past 24 hours. The biggest transaction record by the tracker has been of moving 98.6 million XRP (approx worth $50.8 million) between unknown wallets.
Data suggests that whale wallets transferred 66 million XRP tokens (approx worth $33.4 million) to different crypto exchanges in order to book profit. XRP price surged by a massive 37% in the last 30 days. The biggest transaction recorded by the tracker has been of moving 24 million XRP (approx worth $12.2 million) to the Bitstamp crypto exchange. However, a total of $22.2 million worth of XRP was moved to the Bitstamp by the whales. Read More XRP News Here…
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XRP’s extended gain rally saw a halt on Wednesday as its price dropped by 8% in the last 7 days. However, XRP price dropped by around 3% in the last 24 hours. It is trading at an average price of $0.498, at the press time. Its 24 hour trading volume is down by 15% to stand at $1.15 billion.
However, several crypto whales grabbed the opportunity to buy the price dip. Whale addresses moved more than 50 million XRP (approx worth $25 million) from the crypto exchange Bitso to their wallets.
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