Whales Move 281 Million XRP As Holders Breach This Key Landmark

XRP News: XRP, Ripple’s native token price on a constant decline despite receiving positive updates from the crucial legal battle against the US SEC. However, Crypto whales are utilizing this XRP price dip opportunity to move more tokens. In this pursuit, XRP holders have breached a major milestone.

Are whales on XRP accumulation spree?

As per the data provided by XRP Ledger Service, the number of XRP accounts is on a constant rise. The cumulative XRP holders’ numbers breached the 4.5 million mark to stand at 4,506,842. This is being recorded as the record high numbers.

XRP ledger tally has added more than 160k accounts since the end of October. Coingape reported that XRP whales’ holding has gone to touch the all time high (ATH). The percentage of supply held by the whales now stands at 7.23%.

Whales holding 1 million to 10 million XRP have jumped to stand at 1,617 accounts from 1,440 accounts on November 1, 2022.

WhaleAlert reported that multiple crypto whales have moved more than 280 million XRP tokens in the last 24 hours. A whale moved $11.1 million worth of XRP tokens to the Bitstamp crypto exchange.

The largest transaction recorded by the tracker has been of moving 250.4 million XRP (approx worth $87.9 million). However, it is important to note that all these transactions have been recorded amid a price dip.

XRP price is down by 15% over the past 30 days. Ripple’s native token is trading at an average price of $0.34, at the press time. Its 24 hour trading has dropped by 40% to stand at $234.6 million. It is still holding a market cap of over $17.5 billion amid the recent market collapse.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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