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280 Mln XRP On The Move; Whales Await XRP Price Surge

XRP News: Ripple’s native crypto, XRP extends its downturn as the digital asset market printed red indexes for the fourth consecutive day. However, crypto whales seem to be utilizing the current dip by accumulating millions of XRP tokens.

Also Read: XRP Lawyer Bids In For Coinbase Referring His XRP Case Filing

Whales Set To Accumulate More XRP

Data provided by the WhaleAlert depicts that crypto whales have moved more than 280 million XRP tokens (approx worth $127 million) in multiple transactions over the past 24 hours. The biggest transaction recorded by the tracker has been of moving 108.9 million XRP tokens (approx worth $50 million) among unknown wallets.

The tracker reported that a wallet named Ripple also moved 50 million XRP tokens (approx worth $22.8 million) to an unknown wallet.

As per the data, whale wallets moved around 54 million XRP tokens (approx worth $24.8 million) to the Bitstamp crypto exchange in order to dump. The biggest transaction recorded by the tracker has been of dumping 28 million XRP tokens (approx worth $13 million) on the exchange. Read More XRP News Here…

Also Read: Mt. Gox Hacker Wallet Goes Active? 80K Bitcoin On The Line?

XRP price has slid by around 2% in the last 24 hours. This has led its decline to extend by 13% over the past 7 days. XRP is trading at an average price of $0.457, at the press time. Its 24 hour trading volume is down by 12% to stand at $1.07 billion.

However, this dip has allowed the whales to accumulate 67.6 million XRP tokens (approx worth $31 million) in multiple transactions. The biggest accumulation transaction recorded by the tracker has been of adding 42 million XRP (approx worth $19.3 million) from the Bitso crypto exchange.

The post 280 Mln XRP On The Move; Whales Await XRP Price Surge appeared first on CoinGape.

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