XRP News: XRP, Ripple’s native token price took a hit on Wednesday after riding over a good upward momentum in reaction to the recent updates coming out of the XRP lawsuit. However, the crypto whales have used this price drop in order to add more.

Whales buy XRP price dip

As per the data provided by the WhaleAlert, Crypto whales have moved more than 128 million XRP (approx worth $53 million) in multiple transactions over the past 24 hours. The single biggest transaction recorded has been of dumping 35 million XRP (approx worth $15 million) on the Bitstamp crypto exchange.

However, the whale addresses have dumped more than 68 million XRP (approx worth $28 million) over the past day. XRP price have dropped by 4% in the same period of time. While its 24 hour trading has also declined by 25% to stand at $1.19 billion. Read More XRP News Here…

Several crypto whales have utilized this price dip opportunity in order to add more XRP. As per the data, whales have accumulated around 60.2 million XRP tokens (approx worth $25 million) in the last 24 hours. The biggest accumulation transaction recorded by the tracker has been of adding 30.2 million XRP (approx worth $13 million).

What’s BSC whales’ doing?

WhaleStats reported that Ripple’s native token emerged as the most traded token among the top 100 BSC whales. XRP dislodged Cake token in order to gain the top spot. As we dig in, data shows that the top 100 whales are holding more than $28.6 million worth of XRP which makes 2.5% of their total holdings.

XRP price surged by a whopping 16% in the last 24 hours. It is trading at an average price of $0.406, at the press time.

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]

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