XRP Price News: Ripple’s native token, XRP managed to maintain the uptrend while the other big cryptos printed red indexes on Friday. XRP price is up by more than 42% in the last 30 days. Data depicts that crypto whales are moving millions of XRP as the US SEC vs Ripple lawsuit verdict closes in.
Whale On XRP Accumulation Spree?
As per the data provided by WhaleAlert, more than 360 million XRP tokens (approx worth $192 million) have been moved by the whales in multiple transactions over the past 24 hours. The biggest transaction recorded by the tracker has been of moving 100 million XRP tokens (approx worth $53.4 million) to an unknown address. However, another whale was caught moving $51.6 million worth of 95 million XRP tokens.
Data depicts that crypto whales went on an accumulation spree as these addresses added over 146 million XRP (approx worth $78 million) in the last 24 hours. The biggest accumulation transaction recorded by the tracker has been of adding 60.3 million XRP tokens (approx worth $32.3 million) from crypto exchange Binance. Read More XRP News Here…
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It is important to note that 94.4 million XRP tokens (approx worth $50.5 million) have been moved from Binance to an unknown wallet as the crypto exchange faces legal complications from the CFTC.
XRP price is up by 25% in the last 24 hours. It is trading at an average price of $0.535, at the press time. It’s 24 hour trading vol has dropped by 35% to stand at around $2.25 billion. However, it is still holding a market cap of over $27.6 billion.
These transactions come in when Brad Garlinghouse launched a fresh attack on the US SEC ahead pending verdict in the XRP lawsuit.
