XRP News: XRP, Ripple’s native crypto price has been trading under high pressure over the past few weeks. However, XRP price registered a sudden spike of 5% on Tuesday amid building speculation around the no possible settlement in the Ripple lawsuit. On top of that data depicts that crypto whales have moved a heavy amount of XRP tokens in the last 24 hours.
Crypto Whales riding XRP price high?
As per the data provided by WhaleAlert, crypto whales have moved more than 1 billion XRP tokens in the last 24 hours. Around $366 million worth of XRP tokens were moved in multiple transactions.
This single largest transaction recorded by the tracker has been of moving 500 million XRP tokens (approx worth $175.2 million). However, data shows that around $106 million worth of XRP was moved from an unknown wallet to a wallet named Ripple.
While a whale transferred around 40 million XRP (approx worth $14.1 million) to the crypto exchange, Bitstamp in order to book profit amid the price jump. Read More XRP News Here…
XRP price jumped around 5% in the last 24 hours. Ripple’s native token is trading at an average price of $0.35, at the press time. However, its 24 hour trading volume stands at around $1 billion. XRP is still holding a market cap of over $17.4 billion in spite of facing a lawsuit from the US SEC.
However, WhaleAlert also reported that whales locked around 700 million XRP in an escrow account in multiple transactions.
The post XRP News: Whales Move 1 Billion XRP; Locks 700 Million In Escrow appeared first on CoinGape.
