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Crypto Whales Move 214 Million XRP As Ripple Lawsuit Ruling Closes In

As per the data, 214 million XRP tokens (approx worth $107 million) have been moved by crypto whales over the past 24 hours.
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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.

Also Read: Ripple Or US SEC, Who’s Winning Investment Contract Claim?

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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…

Also Read: Big Blow To Binance; ASIC Scraps Binance Australia Derivatives AFS License

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.

Also Read: AI Chatbots Not Threat To Google Search: Sundar Pichai

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Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

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