Millions Of XRP Was Transferred Between Wallets And Exchanges

The whale tracking platform Whale Alert took to Twitter this morning to share some new insights into the recent activity of Ripple (XRP) whales. The information shared by Whale Alert reveals that multiple XRP whales are busy moving their holdings both onto or off of exchanges.

In one of Whale Alert’s tweets, the platform revealed that a whale transferred 22,000,000 XRP, worth about $10,255,327, from an unknown wallet to Bitstamp. In a second tweet, Whale Alert posted that another whale had transferred 30,400,000 XRP, worth around $14,317,998, from the crypto exchange Bitso to an unknown wallet.

XRP price (Source: CoinMarketCap)

Following all of this activity, XRP is currently one of the cryptos trading in the green today. CoinMarketCap indicates that the remittance token is currently worth about $0.4712 after a 3.63% price increase over the last day. This means that XRP is trading close to its daily high of $0.4715 at press time.

The crypto’s positive performance over the last 24 hours has also allowed XRP to strengthen against the altcoin market leader Ethereum (ETH) by about 0.66%. Unfortunately, this was not enough to compete with the crypto king as XRP is down 1.29% against Bitcoin (BTC). At press time, XRP is down by more than 3% over the last seven days.

The altcoin’s 24-hour trading volume currently stands at $1,056,550,023 after a 3.25% drop since yesterday. Its market cap of $24,408,991,640 means that XRP is currently ranked as the 6th biggest crypto in terms of market capitalization.

Disclaimer: The views and opinions, as well as all the information shared in this price Analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Comments

Post a Comment

Popular posts from this blog

Inquiry on Binance headquarters and audit left unanswered by new CEO Richard Teng

The new CEO of the Binance exchange, Richard Teng, dodged answering a question about the location of the company’s headquarters and its audit or. His statement was made as part of the Crypto and Digital Assets Summit organized by the Financial Times. During his speech, the new CEO of the exchange once again emphasized Binance’s “shortcomings” with respect to the company’s regulatory requirements. At the same time, Teng avoided questions related to the organization’s activities and structure. You might also like: Richard Teng takes the helm at Binance promising a shift away from outlawed behaviour When about Binance’s global headquarters , and whether the company will be audit ed, or if it plans to apply for a license in the UK, Binance’s new CEO said that he had already answered each of the questions asked “previously.” When asked again about the headquarters , Teng again brushed it off, emphasizing that it was “under consideration.” “...
Read more

Polygon 2.0 Aims to Become the Value Layer of Internet

Image
Thus, Polygon 2.0 will serve as a fundamental layer to create, exchange, as well as program value. The team claims that Polygon 2.0 will help democratize the global economy just as the internet helped in democratizing information access. Polygon 2.0 brings decentralized finance, digital ownership, and innovative coordination methods to the forefront. It fills the gap in creating an Internet that prioritizes users rather than gatekeepers, rent-seekers, or intermediaries. The new and upgraded Polygon version will serve as the blueprint for building the Value Layer. It Features a set of proposed upgrades bringing a major shift in the protocol’s architecture, tokenomics, and governance. The team shall reveal more details regarding Polygon 2.0 in the coming weeks. They will detail the future of the Polygon PoS chain, as well as the utility and the evolution of the MATIC token. Recommended Articles ...
Read more

Australian regulator ASIC to ramp up focus on digital scam

ASIC, Australia’s financial watchdog, has announced a new four-year plan prioritizing consumer protection against digital scams, including cryptocurrency-related frauds. ASIC, the Australian Securities and Investments Commission, has unveiled a new four-year strategy aimed at shielding consumers and businesses from digital scams, including those involving cryptocurrencies. Chair Joe Longo indicated that while ASIC has made strides since outlining its priorities last year, there’s ongoing work. The regulator is adapting to shifts in sustainable finance, the digital economy, and the challenges an aging population poses. You might also like: ASIC releases the top 10 ways to spot a crypto scam Longo also mentioned that ASIC closely monitors how emerging technologies like AI could impact businesses and consumers. Australia has been generally favorable toward digital currencies. The country has both embraced and regulated cryptocurrencies, most notably by exempt...
Read more