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XRP News: Whales Move 1 Billion XRP; Locks 700 Million In Escrow

news by news
January 3, 2023
in News, ripple (XRP), Ripple vs SEC, Xrp price
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XRP News: Whales Move 1 Billion XRP; Locks 700 Million In Escrow
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Ripple CLO Alderoty, XRP Lawyer Deaton Accuse US SEC And Gensler

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XRP news price rally

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.

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