NewsletterXRP Tops Highest Est Locked Value Tally; Whales Move 356 Million XRP
XRP News: The filings for the much anticipated Summary Judgment in the US SEC Vs Ripple lawsuit came to an end. The crypto community now awaits the judge’s ruling which is expected to drive regulations around the digital asset market. However, the crypto whales have been caught moving millions of XRP tokens amid the waited ruling.
XRP whales already on the move
As per the data provided by WhaleAlert, crypto whales have managed to move more than 350 million XRP tokens in multiple transactions over the past 24 hours. However, the single largest transaction recorded has been of moving 261 million XRP (approx worth $102.4 million) to an unknown wallet.
As we dig in, whales went on to buy 65.8 million XRP (approx worth $26 million) in multiple transactions in the last 24 hours. The biggest whale accumulation transaction registered has been of buying $13.6 million worth of XRP tokens. An unknown whale added 31.7 million XRP from the Bitso crypto exchange. Read More XRP News Here…
However, a few whale addresses also dumped millions of XRP tokens amid the recent price surge. Data depicts that whales moved around 62 million XRPs from unknown wallets to different crypto exchanges.
Ripple tops highest est locked value
Token Unlock dropped a report mentioning the highest estimated locked value tokens as per the current market price. As Ripple releases its native crypto, XRP from the escrow account over time, it has now become the highest valued token locked.
As per the current XRP prices, reports suggest that there is $17.9 billion worth of XRP still locked by Ripple. However, these tokens will be released over time at fixed intervals.
XRP price have jumped by 15% over the past 30 days. It is trading at an average price of $0.392, at the press time. However, XRP has a circulating supply of 50.7 billion with a market cap of over $19.9 billion.
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
- U.S. SEC’s Crypto Task Force Sets Dec. 15 for Privacy Roundtable After Previous Delay
- Grayscale Files S-1 for New SUI ETF After 21Shares’ Successful First Fund Launch
- Do Kwon Faces Up to 12 Years in Prison Over ‘Colossal’ Role in $40B TerraUSD Collaps
- ProShares Drops 3x Bitcoin, Ethereum, XRP ETF Plans After SEC Pushback
- Bitcoin Eyes Fresh Demand as Indiana Advances Bill for Crypto Investments
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
- Is Cardano Price at Risk of a 50% Crash Ahead of the Midnight Launch?
- Is Chainlink Price Headed for $20 as Reserves Pass 1M LINK?
- Ethereum Price Breaks Out of Falling Wedge: Next Target Now Set at $5K
