XRP News: Whale Adding More XRP Amid Price Dump; Big Move Coming Ahead?

XRP News: Ripple’s native crypto, XRP price is on a downtrend due to increased volatility in the crypto market. However, XRP price usually shows some movement in reaction to updates coming out from the U.S. SEC Vs Ripple lawsuit. Meanwhile, in the absence of updates from the XRP lawsuit, Crypto whales have been caught moving huge sums of XRP.

Whales Dump 95 Million XRP

As per the data provided by WhaleAlert, more than 387 million XRP tokens (approx worth $150 million) have been moved across the exchanges in the last 24 hours. The single largest transaction recorded by the tracker has been of moving around 150 million XRP (approx worth $60 million) to an unknown wallet.

Meanwhile, Crypto whales have gone to dump around 95 million XRP (approx worth $37 million) over the past 24 hours in multiple transactions. The single biggest transaction recorded has been dumping 35 million XRP tokens on the Bitstamp crypto exchange. Read More XRP News Here…

Whales Scoops 143 million Ripple’s native token

XRP price have taken a hit of 4% over the past 24 hours. It is trading at an average price of $0.388, at the press time. Its 24 hour trading volume has dropped by 8% to stand at $1.05 billion. XRP is still holding a market cap of around $19.7 billion despite facing a lawsuit from the US SEC.

Several crypto whales have grabbed the opportunity to add more XRP amid the price dip. Whales went on to add around 143 million XRP (approx worth $55.3 million) in multiple transactions. The single biggest transaction recorded has been of accumulating around 63.5 million XRP (approx worth $25.5 million).

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]