Dozens of Millions of XRP Shifted as Price Soars 11% in Past Week
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As per recent tweets by Whale Alert crypto tracker, over the past 15 hours, several large XRP transactions took place, carrying close to 114 million XRP tokens.
Meanwhile, during the last seven days, the price of this battered cryptocurrency has risen by roughly 11%.
Whale addresses wiring 114 million XRP
Three transactions, carrying 45,800,000, 31,000,000 and 37,000,000 XRP, took place earlier, as noted by the aforementioned crypto tracking platform. Together, they are worth $42.7 million in fiat equivalent.
Bithomp XRP-focused platform revealed that the first two transfers were conducted between whales, whose wallets are sitting on the Bitso and Bittrex exchanges. The last one was made by crypto holders, whose addresses are linked to Bitstamp and Bittrex (once again).
🚨 45,800,000 #XRP (17,176,884 USD) transferred from #Bitso to unknown wallethttps://t.co/MQPVVGZdmf
— Whale Alert (@whale_alert) January 13, 2023
With the recent developments of the long-running XRP case of the SEC against Ripple, the XRP community hopes it can be settled later in 2023. XRP whales have become more active since the start of fall 2022, and recently some exchanges began listing new XRP pairs, e.g. Bitrue.
Tomiwabold OlajideXRP jumps 11.37% in past week
Since the start of the week, the Ripple-affiliated crypto token rose by nearly 11.40% from $0.03405 to $0.37926. At press time, though, XRP is trading a little lower, having moved back down by 2.42%.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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