400 Mln XRP On The Move; Most Traded Token Among BSC Whales

XRP News: Ripple’s native crypto, XRP has managed to maintain the upward momentum over the past weeks. XRP has been riding on the positive sentiments building in the crypto market. However, whale movements have turned out to be one of the major reasons behind the recent XRP price surge.

Whales scoops 86 Mln XRP

WhaleAlert reported that crypto whales moved more than 400 XRP tokens (approx worth $154 million) in multiple transactions over the past 24 hours. The single largest transaction recorded has been of moving 262.3 million XRP tokens (Approx worth $97 million).

Data depicts that whales accumulated 86.8 million XRP tokens (approx worth $32 million) in multiple transactions. However, a whale scooped $17.1 million worth of 45.8 million XRP tokens in a single transaction from Bitso, crypto exchange. Read More XRP News Here….

This move has led to the XRP price surging by 3% in the last 24 hours. XRP is trading at an average price of $0.377, at the press. However, its 24 hour trading volume stands at around $1.08 billion. Meanwhile, it is still holding a market cap of over $19.1 billion. However, XRP price have been hindered heavily due to facing legal challenges from SEC.

Meanwhile, a few whales also moved millions of XRPs from their wallets to crypto exchanges in order to sell. As per the data, 68 million XRP token (approx worth $25 million) have been moved by the whales. The biggest transaction recorded has been of moving $13.9 million worth of XRP tokens to Bitstamp, a crypto exchange.

However, WhaleStats reported that Ripple’s native crypto, XRP went on to flip the LEVE token to become the most traded token among the top 100 BSC Whales.

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.