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

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

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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.

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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.

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