200 Mln XRP Added By Whales Amid Price Dip

    Ripple’s native token, XRP is one of those top cryptos which have managed to surge over the past 90 days amid the slumping digital asset market. Positive outcomes from the long running crucial lawsuit between Ripple and SEC lately have spiked the whales’ interest in the XRP.

    Whales accumulation over positive Ripple news?

    Whale Alert has reported that major crypto wallets have added more than 105 million XRP in the last 24 hours. The cumulative worth of XRP accumulated by whales is calculated to be approx $48.3 million.

    The biggest transaction recorded by the tracker has been of adding $25.8 million worth of XRP from the Bitstamp crypto exchange.

    However, the whale tracker also reported that 100 million XRP has been moved from a wallet named ‘Ripple’ to some unknown wallet. This transaction worthed around $45.4 million.

    It is important to note that over 205 million XRP have been moved to multiple unknown wallets amid the recent price drop. The whales have managed to buy the price dip.

    XRP price up by 32%

    Earlier, Coingape reported that crypto whales went on to add 240 million XRP tokens. This accumulation came after Ripple received a major breakthrough in the SEC lawsuit. The commission gave up on its assertions on the crucial Hinman speech memos and submitted them to the defendants.

    XRP price have dropped by more than 5% over the past 7 days. It is trading at an average price of $0.4468, at the press time. However, the token has managed to rise by over 32% over the past 90 days.

    Despite involving in the legal tussle with the SEC, XRP is still the 6th largest crypto with a market cap of over $22.2 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]

    The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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