“XRP” The Top Traded Token Among Whales Amid Price Dump; What’s Happening?

XRP News: The global digital asset market registered a marginal surge on Saturday as the biggest cryptos like Bitcoin (BTC) and Ethereum (ETH) price declined due to increased selling pressure. However, BSC whales have been caught moving Ripple’s native crypto, XRP amid the recent decline.

XRP Price Down By 17%

XRP is the biggest loser among the top 10 cryptos calculated on the basis of the past 90 days’ record. XRP price has dropped by a major 17% in the mentioned period. On the other hand, Bitcoin price have managed to surge by around 10% over the past 90 days.

XRP price decline depicts that it has failed to ride on the recent relief rally, while other tokens manage to recover by printing green indexes. However, this drop has come when the long running US SEC Vs Ripple lawsuit constantly sent out several positive news for the token. Read More XRP News Here…

As per the data, XRP price has surged by a whopping 21% over the last 30 days. However, this surge has failed to impress the traders as the other major cryptos like Cardano (ADA) and Polygon (MATIC) price jumped by 50% and 53%, respectively, in the same period of time.

BSC whales go for Ripple’s native token

It seems like XRP has become the favorite choice of the biggest BSC whales. As per the data, XRP has become the most traded token by the whales over the last 24 hours. However, Ripple’s native token’s 24 hour trading volume declined by 25% to stand at $689 million.

As we dig, XRP has also landed on the tally of top 10 tokens purchased by the biggest BSC whales in the last 24 hours. Data shows that the top 100 BSC whales are now holding $29.23 million worth of XRP which makes 2.53% of their total holdings.

On the market side, XRP is trading at an average price of $0.412, at the press time. It is holding a market cap of around $21 billion.