225 Million XRP Moved By Whales; Price Up By 6%
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XRP News: XRP, Ripple’s native token price has jumped by around 6% as the crypto market saw a broad recovery on Wednesday. However, Ripple published a report about Real estate NFTs on the XRP ledger. This has led crypto whales to accumulate more XRP tokens amid the surge.

Are whales on an XRP accumulation spree?

According to data provided by WhaleAlert, crypto whales have moved more than 225 million XRP tokens on and off the crypto exchanges.

Whales accumulated more than 165 million XRP tokens in the last 24 hours amid the increased volatility in the crypto market. The total whale accumulation is valued at over $61 million.

However, the largest whale accumulation recorded by the tracker is valued at over $20.3 million from the Bitstamp crypto exchange. Meanwhile, these whales cumulatively have added more than 96 million XRP (approx worth $35.6 million) from the same exchange.

As per the data, the largest of the whales moved around 60 million XRP (approx value $22.3 million) from the unknown wallet to the crypto exchange. This move suggests the whale is trying to book a profit here.

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Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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