24/7 Cryptocurrency News

XRP Whale Alert: Over 600 Mln XRP Tokens Moved As Price Dips

XRP Whale Alert: Crypto whales have transferred about 628 million XRP to crypto exchanges and unknown wallets in the past 24 hours
Published by
XRP Whale Alert: Over 600 Mln XRP Tokens Moved As Price Dips

XRP Whale Alert: Ripple’s native currency XRP has a long way to become the global reserve currency as the company must first overcome its major legal hurdle with SEC. While the crypto community impatiently waits for Ripple vs SEC lawsuit to end, the XRP whales are making their moves. Even if the significant XRP price is still recording the swings of the prevailing crypto winter.

Advertisement

XRP Whale Alert: Move Over 600 Million Tokens

As of now, XRP is among the major cryptocurrencies that have lost value. Hence, the current price dip is one of the main reasons that has attracted crypto whales. According to WhaleAlert, an on-chain data provider, XRP whales have transferred about 628 million tokens in several transactions.

Notably, the two largest transactions from these whales, as recorded by the data provider, were the total sum of 485,000,000 XRP (worth $183,164,516) from private wallet addresses to other different and unknown wallet addresses.

Whale Alert also noted that besides the two most significant transactions, many whales had moved about 110 million XRP tokens to Bitstamp, a crypto exchange. In the last transaction, a crypto whale moved 33,000,000 XRP tokens worth 12,598,136 from Bitso, a crypto exchange, to an unknown wallet.

Advertisement

XRP Price Continues To Plummet

At the time of writing, the XRP price was hovering around $0.3761, indicating a marginal drop of 0.05% over the past 24 hours. However, the one-day trading volume for the token is $843,860,067, surging more than 80%. According to CoinMarketCap, XRP ranks in the 6th position in terms of market capitalization, which is currently at $836,880,130.

The price trend for XRP is still showing instability and uncertainty. Recall that over the past 30 days, XRP indicated slight volatility as the price dropped more than 8%. Although, if XRP rebounds off $0.40, the bulls might take another chance to overcome the barrier at the resistance line.

Also Read: Shiba Inu News: Shytoshi Kusama Announces Major Update On Shibarium

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…

October 2, 2025
  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown

The U.S. Securities and Exchange Commission has announced plans to streamline its operations amid the…

October 1, 2025
  • 24/7 Cryptocurrency News

Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility

Pi Network has now added two new features to its Testnet. These are a decentralized…

October 1, 2025
  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025