Whale Alert: $73M Worth of XRP Accumulated in Last 24 Hours

Whale Alert: Bitfinex Sent 117K Ethereum (ETH) to Unknown Wallet
  • The data tracker shows that a “whale” just invested more than $40.1 million in XRP.
  • The XRP price has increased by almost 1.58% in the previous 24 hours.

In the last 24 hours, Ripple’s native coin, XRP, has become one of the most popular cryptocurrencies among the whales. The statistics show that the 24-hour trading volume has significantly increased due to the buildup of whales.

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against XRP, claiming that the cryptocurrency is a “Security.” At the same time, the largest cryptocurrency holders continue to stock up on even more coins. According to Whale Alert, whale wallets added around $73 million worth of XRP over numerous transactions.

Surge in Trading Volume

The data tracker shows that a “whale” just invested more than $40.1 million in XRP tokens in one transaction. Within the last 24 hours, this is the single largest trade that has taken place. Nonetheless, another whale bought up over $20.7 million worth of Ripple’s token.

The XRP price has increased by almost 1.58% in the previous 24 hours because of the activity of these “whales.” The 24-hour trading volume of Ripple tokens has increased by 30%, reaching $1.02 billion. According to CMC, the XRP price today is $0.341979 USD.

On the other hand, some “whales” have moved over $33.9 million worth of XRP tokens from their wallets to a cryptocurrency exchange. This indicates that token holders are prepared to sell at a higher price.

Experts have speculated on Santiments that XRP has the highest NVT rankings among cryptocurrencies.  Some analysts believe that the XRP token’s bullish or semi-bullish NVT divergence will become clear in the month of August. 

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A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.