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.
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…
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.
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s4