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Crypto Whales Move 351 million XRP, Bags Dip Position

Crypto whales have recently been buying a lot of XRP, according to data from Whale Alert. In the previous day, the biggest cryptocurrency whales exchanged more than 351 million XRP.

112 million XRP tokens were accumulated by whales through several transactions. The total accumulation is estimated to be worth $42.6 million. The largest accumulating transaction, however, involved the addition of $16,06 million worth of XRP.

Data shows that XRP tokens worth more than $31.2 million were transferred from the Bitstamp cryptocurrency exchange to an unidentified wallet. 

Another significant XRP moving transaction has been noted by the tracker in the meantime. 239 million XRP tokens, or about $90.9 million, were transferred by a whale to an unidentified wallet.

Prices for XRP have decreased during the last 30 days by more than 18%. As of the time of publication, it is selling for an average price of $0.379. Its $801.3 million 24-hour trading volume has also decreased by 32%.

However, among the top 10 cryptocurrencies over the past week, XRP has continued to be the most profitable investment. While Bitcoin and Ethereum prices have decreased by 1% and 3%, respectively, XRP prices are up more than 3%.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.