XRP News: Are Crypto Whales riding the XRP price surge?
XRP News: Ripple’s native cryptocurrency, XRP price has been riding high following the recent developments in the important SEC Vs Ripple litigation. Crypto whales have been on a XRP accumulation spree by taking advantage of the “Buy The Dip” opportunity.
WhaleAlert data shows that crypto whales have moved more than 200 million XRP tokens, which is approximately $72.6 million. However, the XRP price has risen by approximately 5% during this time.
In multiple transactions, Crypto whale purchased more than 77,000,000 XRP tokens. Bitso, a cryptocurrency exchange, purchased Ripple’s native token for $27 million in the last 24 hours. The largest accumulation transaction was however the addition of 44 million XRPs.
During the recent price rise, some whales transferred their XRP holdings onto crypto exchange. According to data, 80 million XRP tokens were sent by Crypto whales (approx. $28 million) via Bitstamp. A wallet identified as Ripple sent 50 million XRP (approx. $17.4 Million) to an unidentified address. You can read more XRP news here…
In the last 7 days, XRP prices have risen by more than 6 percent. At press time, Ripple’s native cryptocurrency is trading at $0.3639 on average. However, the 24 hour trading volume dropped by 3% to $1.1 billion.
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