Despite the recent dips in XRP prices, crypto whales are moving millions of tokens
XRP holders across the world are anxiously awaiting the ruling in the landmark Ripple vs. SEC case. While the litigation is facing delays, an expert has warned against selling Ripple (XRP) before the end of the lawsuit. In a tweet, the CEO of Alpha Lions Academy, and head of social adoption, Edoardo Farina, stated that the worst possible move to make would be to sell XRP, as the community is expecting an uptick in prices if the ruling is in favor of Ripple. Despite the recent dips in XRP price, crypto whales are moving millions of tokens.
Crypto Whales Moved Millions of XRP
According to Whale Alert, an on-chain data provider, 357,200,000 XRP tokens (worth US$112,179,820) were moved in eight different transactions in the past 5 days. Whale Alert recorded a transfer of 54,000,000 XRP from an unknown wallet to Bitstamp. The transaction occurred on May 11, and the tokens are worth $23,231,237.
On May 10, a crypto whale moved 30,000,000 XRP coins worth $12,773,989 from unknown wallets to Bittrex. The biggest transaction took place on May 6, when an unknown wallet transferred 113,200,000 #XRP (worth US$51,650,912) to another unknown wallet.
Other notable transactions involving XRP tokens include 60,000,000 XRP coins (sum of two transactions) worth $14,556,932 from unknown wallets to Bitstamp. And lastly, two whales moved 100,000,000 XRP tokens worth $43,281,402 from different crypto exchanges to anonymous wallets.
XRP Price to Surge?
XRP has always been part of the headlines. Whether it be a prolonged lawsuit with the US Securities and Exchange Commission (SEC) or the partnership. It has faced a tumultuous few months. First, its price struggled to stay about $0.4 as it faced litigation from one of America’s highest financial regulatory bodies. The case dragged on for nearly three years, hurting Ripple (XRP)’s market sentiment.
Then, coming from the back of the 2022 crypto winter, Ripple (XRP) struggled to see any positive price action until the end of March, when it started gaining sharply. It reached $0.5 by March 29, but the XRP price has long corrected to about 0.47. As the world awaits the court’s final decision on Ripple’s SEC lawsuit, it would be interesting to see how the coin performs in the coming months. At the time of writing, the XRP price was hovering around $0.425, indicating a marginal upsurge of 0.23% over the past 24 hours. The one-day trading volume for the token is $1,015,037,719 (Up by 20.56%).
According to CoinMarketCap, XRP ranks in the 6th position in terms of market capitalization, which is currently at $21,985,139,679 and it has a circulating supply of 51,837,820,505 XRP coins and a max.
Despite the recent dips in XRP prices, crypto whales are moving millions of tokens
XRP holders across the world are anxiously awaiting the ruling in the landmark Ripple vs. SEC case. While the litigation is facing delays, an expert has warned against selling Ripple (XRP) before the end of the lawsuit. In a tweet, the CEO of Alpha Lions Academy, and head of social adoption, Edoardo Farina, stated that the worst possible move to make would be to sell XRP, as the community is expecting an uptick in prices if the ruling is in favor of Ripple. Despite the recent dips in XRP price, crypto whales are moving millions of tokens.
Crypto Whales Moved Millions of XRP
According to Whale Alert, an on-chain data provider, 357,200,000 XRP tokens (worth US$112,179,820) were moved in eight different transactions in the past 5 days. Whale Alert recorded a transfer of 54,000,000 XRP from an unknown wallet to Bitstamp. The transaction occurred on May 11, and the tokens are worth $23,231,237.
On May 10, a crypto whale moved 30,000,000 XRP coins worth $12,773,989 from unknown wallets to Bittrex. The biggest transaction took place on May 6, when an unknown wallet transferred 113,200,000 #XRP (worth US$51,650,912) to another unknown wallet.
Other notable transactions involving XRP tokens include 60,000,000 XRP coins (sum of two transactions) worth $14,556,932 from unknown wallets to Bitstamp. And lastly, two whales moved 100,000,000 XRP tokens worth $43,281,402 from different crypto exchanges to anonymous wallets.
XRP Price to Surge?
XRP has always been part of the headlines. Whether it be a prolonged lawsuit with the US Securities and Exchange Commission (SEC) or the partnership. It has faced a tumultuous few months. First, its price struggled to stay about $0.4 as it faced litigation from one of America’s highest financial regulatory bodies. The case dragged on for nearly three years, hurting Ripple (XRP)’s market sentiment.
Then, coming from the back of the 2022 crypto winter, Ripple (XRP) struggled to see any positive price action until the end of March, when it started gaining sharply. It reached $0.5 by March 29, but the XRP price has long corrected to about 0.47. As the world awaits the court’s final decision on Ripple’s SEC lawsuit, it would be interesting to see how the coin performs in the coming months. At the time of writing, the XRP price was hovering around $0.425, indicating a marginal upsurge of 0.23% over the past 24 hours. The one-day trading volume for the token is $1,015,037,719 (Up by 20.56%).
According to CoinMarketCap, XRP ranks in the 6th position in terms of market capitalization, which is currently at $21,985,139,679 and it has a circulating supply of 51,837,820,505 XRP coins and a max.