NewsletterXRP Dump Incoming? Whales Shift 140 Million XRP
XRP News: Ripple Labs native crypto, XRP price printed green indexes on Wednesday after incurring heavy selling pressure. However, XRP is still trading under the regulatory pressure enforced by U.S. Securities and Exchange Commission (SEC). In the meantime, crypto whales have been spotted moving millions of XRP tokens over crypto exchanges.
Also Read: Why Didn’t Ripple Register XRP With US SEC? Brad Garlinghouse Replies
XRP Price Set To Dump?
As per the data, Around 140 million XRP (approx worth $60 million) have been moved by the crypto whales in multiple transactions over the last 24 hours. However, the biggest transaction recorded by the tracker has been of moving 50 million XRP tokens. A wallet address named Ripple moved $21.4 million worth of XRP to an unknown wallet.
The tracker caught whales dumping 89 million XRP tokens (approx worth $38 million) in multiple transactions over the past 24 hours. The biggest dump transaction recorded has been of moving 31 million XRP tokens (approx worth $13.1 million) to Bitstamp crypto exchange. However, 59 million XRP tokens (approx worth $25 million) have been moved to the exchange in order dump. Read More XRP News Here…
Also Read: Is XRP Lawsuit Ruling Key For Coinbase Against US SEC?
This whale movement suggests that crypto whales are seeking an XRP price surge to sell their holdings to book a profit here. XRP price is on a decline over the past 30 days, registering a decline of 15%.
XRP price is up by around 1.5% in the last 24 hours. It is trading at an average price of $0.431, at the press time. Its 24 hour trading volume is down by 20% to stand at $903 million.
Also Read: Coinbase May Not Relist XRP Due To This Reason
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.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Why is Crypto Market Down Today (Dec 5)?
- US PCE Inflation: Wall Street Estimates, Expert Insights, What Crypto Market Can Expect?
- Seed Funding Vs Series A – Key Differences Explained
- Kalshi Extends Lead Over Polymarket With Its Data Now Live on CNBC and CNN
- Bitcoin, ETH, XRP, SOL’s Max Pain Price as Over $4B Options to Expire
- What’s Next for Dogecoin Price After Whales Scoop 480M DOGE?
- Can Solana Price Bounce Back to $200 by End of 2025?
- Cardano Price Prediction Ahead of Midnight Sidechain Launch — Is ADA Headed for $0.85?
- Sui Price Eyes $2+ as SEC Approves First 2X Leveraged SUI ETF
- Pi Network Price Shows Signs of Recovery as Unlock Rate Cools
- Bitcoin Price Could Break $100k as Odds of 3 Rate Cuts Hit ATH
