Whales Move 442 Mln XRP; Court Grants Deadline

XRP News: The US district court granted the motion pushed by the US SEC and Ripple to set a deadline for the non parties to ask to seal any portions of the Summary Judgment material. The proposed deadline was set to be of January 4, 2023. However, this hasn’t stopped the crypto whale from accumulating XRP tokens.

XRP whales on a move

As per the data provided by WhaleAlert, crypto whales have moved more than 442 million XRP tokens (approx worth $170 million) in multiple transactions over the past 24 hours.

Crypto whales bought 156 million XRP tokens (worth approx $60 million) over the past day. However, most of the transactions came from the Binance crypto exchange. While the largest recorded transaction has been of adding $18.8 million worth of XRP tokens.

However, more than 188.5 million XRP tokens (approx worth $72.8) were moved from unknown wallets to others.

The global crypto market registered a broad recovery on Tuesday. XRP price surged by around 3% in the last 24 hours. While XRP is trading at an average price of $0.385, at the press time. Its 24 hour trading volume stands at $943 million.

However, XRP is still holding a market cap of over $19.4 billion while facing legal troubles from the US SEC.

Whales booking profit?

Data also depicts that the whales have moved a bulk of XRP tokens to the crypto exchanges amid the price surge. More than 98 million XRP tokens (approx worth $38 million) were sent to exchanges in the last 24 hours.

Over 68 million XRP tokens (approx worth $26 million) were sent to the Bitstamp crypto exchange in multiple transactions.


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.

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Source: https://coingape.com/xrp-news-whales-move-442-million-xrp-court-grants-deadline-motion/