XRP Wallet Moves $93 Million Worth of Cryptocurrency

[Btceth01]

XRP whales have accelerated the movement of the world’s 7th most valuable cryptocurrency after a price jump of nearly 12% in the last 24 hours. A large XRP wallet has transferred $93 million worth of digital currency to an unknown wallet today.
According to the latest data published by Whale Alert, a blockchain tracking and crypto analytics platform, XRP address moved 61.99 million coins to an unknown wallet on 18 May at 00:17 UTC. The latest movement came after a crypto wallet executed a transaction of 25 million XRP worth over $38 million from cryptocurrency exchange Bittrex to a digital wallet on 17 May 2021.
XRP price saw a volatile last week as the price of the cryptocurrency touched a low of approximately $1.25 on 13 May. The digital currency has seen a spike of more than 15% in the last 2 days. As of writing, the digital asset is trading near $1.53 with a market cap of more than $53 billion. XRP is the 7th largest cryptocurrency in the world, just behind stable coin Tether (USDT) in terms of market cap. Source