364 Million XRP Moved Amid New Ruling In Ripple Lawsuit

XRP Price Update: Ripple’s native crypto, XRP printed green indexes on Tuesday as the global digital asset market registered a slight recovery. XRP price have been stagnant over the past few weeks. However, the latest ruling in US SEC vs Ripple lawsuit might pump the XRP price ahead.

XRP Whales On The Move

As per the data provided by the WhaleAlert, crypto whales have moved around 364 million XRP (approx worth $135 million) in multiple transactions over the crypto exchanges. The largest transaction recorded by the tracker has been of moving 144 million XRP tokens (approx worth $53.5 million).

However, the tracker also reported that a wallet named “Ripple” moved $37 million worth of 100 million XRP tokens to an unknown wallet.

Data depicts that crypto whales bought around 75.6 million XRP tokens (approx worth $18 million) in multiple transactions. However, the largest accumulation transaction recorded by the tracker has been of adding $15.4 million worth of 41.6 XRP tokens from the Bitso crypto exchange. It added that 34 million XRP (approx worth $12.3 million) were moved from the Binance crypto exchange.

XRP News: Over Half A Billion XRP Shifted By Whales Amid Price Drop| Read More Here

XRP price is up by 2% in the last 24 hours. It is trading at an average price of $0.37, at the press time. Ripple’s native crypto 24 hour trading volume is up by 18% to stand at $1.12 billion. However, it is holding a market cap of around $19 billion despite facing a lawsuit from the U.S. Securities and Exchange Commission (SEC).

Meanwhile, a crypto whale went down to dump its XRP holdings amid the recent price surge. The whale wallet moved $16.62 million worth of 45 million XRP to Bitstamp crypto exchange.

XRP Lawsuit News: Ripple Gains Upper Hand In New Court Ruling| Read More Here