135 Million More XRP Added By Whales

XRP, Ripple’s native crypto price took a hit on Saturday following the broad sell sentiment in the digital asset market. However, this price drop has also broken the XRP’s long gaining run. The price movement has allowed crypto whales to add more XRP coins to their wallets.

Whales’ fav choice, XRP?

As per data, XRP price is up by 46% in the last 30 days. However, the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have dropped by 4% and 17% in the same period, respectively.

Meanwhile, XRP price has dropped by around 4% in the last 24 hours. This price dip has spiked the interest of the whales. As per the Whale Alerts, more than 135 million XRO coins have been moved from several crypto exchanges to multiple unknown wallets.

Over $66 million worth of XRP coins were bought by the whale wallets in the last 24 hours. The biggest transaction recorded by the tracker has been of a whale accumulating more than $19.1 million worth of XRP. The transaction took on the Bitstamp crypto exchange. However, more than 86 million XRP coins have been acquired by the whales from the same exchange.

Whale Alert also reported that around 122 million XRP were moved from some unknown wallet to another. Meanwhile, $10.7 million worth of XRPs were moved from whale wallet to Bitstamp crypto exchange to sell.

Is case rulings helping the coin?

XRP is trading at an average price of $0.48, at the press time. It is 24 hour trading volume has dropped by 52% to stand at $1.02 billion.

Despite facing the long runing legal battle with the SEC, Ripple’s XRP has managed to stay on the list of top 10 digital currencies. XRP is holding a market cap of $24 billion.

However, the recent rulings in the crucial lawsuit have proved to be good for Ripple. It has pumped the investor’s sentiments in the favor of the XRP.

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]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.