411 Million XRP On The Move; XRP Reclaims 6th Spot

XRP News: XRP, the Native crypto of Ripple has turned out to be the most profitable token among the top 10 digital assets over the past 30 days. XRP price has surged by more than 12%, While the largest crypto Bitcoin (BTC) price is up by just 6% in the same period. This price move has helped XRP to reclaim the 6th spot in the tally.

Whales moving huge amounts of XRP

According to the data provided by WhaleAlert, more than 411 million XRP have been moved in the last 24 hours. Whales bought over 76.9 million XRP tokens (approx worth $30 million) in multiple transactions.

However, the biggest transaction recorded by the whale tracker has been of adding $16.6 million worth of XRP from the Binance crypto exchange.

Meanwhile, the whale tracker recorded an unusual transaction of moving 300 million XRP tokens (approx worth $115.97 million) were moved from Binance to an unknown wallet. However, this transaction comes amid the heavy withdrawals registered from the Binance, crypto exchange.

CZ, CEO of Binance mentioned that this is just a FUD. it has been following the crypto exchange since its ICO back in 2017. Coingape reported that deposits are coming back to the Binance. He added that the FUD surrounding Binance facing FTX contagion and a probe by DOJ is the reason behind the massive withdrawals.

Ripple’s native token regains 6th spot

On the other hand, a whale also moved around $13.8 million worth of XRP tokens to the Bitstamp crypto exchange amid the recent price surge.

XRP price is up by around 12% over the past 30 days. Ripple’s native crypto is trading at an average price of $0.39, at the press time. Its 24 hour trading volume has jumped to stand $972 million.

This price surge has helped the XRP to reclaim the 6th spot in the tally of top digital assets. XRP is holding a massive market cap of over $19.66 billion despite facing a lawsuit from the SEC.

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.

Source: https://coingape.com/xrp-news-411-million-xrp-on-the-move-xrp-reclaims-6th-spot/