Whale Moves Over 50 Mln XRP As Price Continues To Rally
Release: 2023/11/24 14:44 Reading: 273
The Ripple-backed cryptocurrency, XRP, appears to be gaining significant momentum in the world of cryptocurrencies as a whale again transferred massive amounts of XRP to centralized exchanges as of today, November 24.
The transfer of tokens to exchanges amassed noteworthy attention among crypto market enthusiasts as the XRP cryptocurrency simultaneously witnessed significant gains.
The increase in XRP whale activity over the past few days amid the price surge witnessed by the token seems to have stirred up quite the speculation within the broader markets.
Whale Reallocates XRP Holdings
According to the data revealed by Whale Alert, a blockchain tracking platform, an unknown wallet, r4wf7enWPx…5XgwHh4Rzn, transferred colossal amounts of XRP to two centralized exchanges, Bitstamp and Bitso.
The first transaction took place approximately 9 hours ago, where the unknown wallet transferred a whopping 25.20 million XRP to Bitstamp, a Luxembourg City-headquartered cryptocurrency exchange. The amount of tokens transferred to Bitstamp was evaluated to a whopping $15.66 million at the time of writing.
Furthermore, the second transaction that noted significant attention from traders and investors transferred 25 million XRP to CEX Bitso. Even this transfer was made by the same wallet approximately 9 hours ago. Notably, the number of tokens transferred totaled a whopping $15.55 million while writing.
As reported by CoinGape media earlier, the same wallet address was observed transferring over hundreds of millions of XRP to exchanges to date.
Also read: Hong Kong SFC Wary of Binance’s License Amid Regulatory Pressures
XRP Price Continues To Rally
As of writing, the XRP price once again noted a marginal surge of 1.79%, evaluating to $0.6205 today. The token gained significant traction following the increase in whale activity, portraying an upsurge in price as compared to yesterday.
According to a leading crypto analyst, Dark Defender, the XRP tokenomics illustrates a possible upturn and is expected to reach the $1.05 mark soon.
Furthermore, the price surge also seems to come in alignment with the recent announcement of Ripple Lab’s recent collaboration with Uphold, a cloud-based platform for holding and exchanging various digital assets.
In a recent interview with Digital Perspectives, the CEO of Uphold, J.P. Mcloughlin, offered valuable insights into the strategic partnership, stating that Uphold plans to function as one of Ripple’s liquidity providers. Furthermore, Mcloughlin stated that the upcoming alliance aims to handle an annual transactional volume of 5 billion, which could potentially upswing following global regulatory developments within the crypto realm.
Also read: Crypto Prices Today: BTC, GAS Surge While Pepe Coin Declines
The post Whale Moves Over 50 Mln XRP As Price Continues To Rally appeared first on CoinGape.
Recent news
More>- Floki Inu (FLOKI) Secures Coinbase Listing, Sparks Market Surge 11-22
- Top 5 Crypto Presales to Watch in Early 2025: Potential Game Changers 11-22
- Is It Too Late To Buy CHILLGUY? Chill Guy Price Surges 13% And This Might Be The Next Crypto To Explode 11-22
- Crazy Biden (CRAZBIDE) Solana Memecoin to Explode Over 19,000% Before Exchange Listing, While Shiba Inu and Dogecoin Lag 11-22
- Crazy Biden (CRAZBIDE) Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-22
- 5 Memecoins Poised for Gains Under Trump’s Crypto-Friendly Agenda 11-22
- Must-Buy Altcoins for Massive Gains Ahead of Bitcoin’s $100K Surge! 11-22
- 3 altcoins under $1 set to explode like the Dogecoin and XRP price 11-22
- The 4 Top Cryptos for Long-Term Investment: How Polkadot, Dogecoin, XRP & BlockDAG Stack Up 11-22
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com