Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Coinpedia Fintech News on March 07, 2023, 01:48:27 PM
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On Tuesday, XRP saw a slight recovery, with the price of Ripple's native cryptocurrency printing green indexes. XRP has been stagnant over the past few weeks, but the latest ruling in the ongoing US SEC vs Ripple lawsuit might cause a pump in XRP's price. Crypto whales have been on the move, with around 364 million XRP (approximately worth $135 million) being moved in multiple transactions over crypto exchanges. The largest transaction recorded was moving 144 million XRP tokens (approximately worth $53.5 million).
WhaleAlert also reported that a wallet named "Ripple" moved $37 million worth of 100 million XRP tokens to an unknown wallet. Additionally, crypto whales bought around 75.6 million XRP tokens (approximately worth $18 million) in multiple transactions, with the largest accumulation transaction recorded being adding $15.4 million worth of 41.6 XRP tokens from the Bitso crypto exchange. XRP's price is up by 2% in the last 24 hours and is trading at an average price of $0.37 with a 24-hour trading volume of $1.12 billion.
Despite facing a lawsuit from the US SEC, XRP is holding a market cap of around $19 billion. However, a crypto whale went down to dump its XRP holdings amid the recent price surge, moving $16.62 million worth of 45 million XRP to the Bitstamp crypto exchange.