XRP News: Whales Move 281 Million XRP As Holders Breach This Key Landmark
XRP News: XRP, Ripple’s native token price on a constant decline despite receiving positive updates from the crucial legal battle against the US SEC. However, Crypto whales are utilizing this XRP price dip opportunity to move more tokens. In this pursuit, XRP holders have breached a major milestone.
Are whales on XRP accumulation spree?
As per the data provided by XRP Ledger Service, the number of XRP accounts is on a constant rise. The cumulative XRP holders’ numbers breached the 4.5 million mark to stand at 4,506,842. This is being recorded as the record high numbers.
XRP ledger tally has added more than 160k accounts since the end of October. Coingape reported that XRP whales’ holding has gone to touch the all time high (ATH). The percentage of supply held by the whales now stands at 7.23%.
Whales holding 1 million to 10 million XRP have jumped to stand at 1,617 accounts from 1,440 accounts on November 1, 2022.
Crypto whales on a move
WhaleAlert reported that multiple crypto whales have moved more than 280 million XRP tokens in the last 24 hours. A whale moved $11.1 million worth of XRP tokens to the Bitstamp crypto exchange.
The largest transaction recorded by the tracker has been of moving 250.4 million XRP (approx worth $87.9 million). However, it is important to note that all these transactions have been recorded amid a price dip.
XRP price is down by 15% over the past 30 days. Ripple’s native token is trading at an average price of $0.34, at the press time. Its 24 hour trading has dropped by 40% to stand at $234.6 million. It is still holding a market cap of over $17.5 billion amid the recent market collapse.
- Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges 60% Amid Shutdown
- Analyst Turn Bullish with $400 SOL Target as Hong Kong Approves First-Ever Solana ETF in Asia
- Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash
- BSC Meme Season Ends as PumpFun Surpasses Four Meme Amid $8M Inflows
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
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.
