Crypto Whales have been caught dumping around 100 million XRP (approx worth $37 million) over the past 24 hours.
XRP News reports:The world's digital currency market fell sharply on Friday, with the price of one of the largest encryption tools, such as BTC (BTC) and ETH (ethernet), down more than 4 per cent. But XRP, Ripple's original token, gained a foothold in the collapse of the market, while the cipher whale continued to move more XRP tokens.
Are whales selling XRP prices?
According to data provided by WhaleAlert, the hidden whale has moved more than 161 million heads ($62 million) in each transaction in the past 24 hours. The larger transactions recorded by the trackers were transferred to 39 million euros ($15 million) by the BTC password trading center.
In the past 24 hours, the code whale has been caught and toppled by about 100 million XRP ($37 million). About 69 million XRP (worth about $28 million) was transferred to the Bitstamp password trading center. 27 million XRP (about $11 million) was dumped on the Bitso password trading center.Click here to read more XRP news reports, …
Do whales need to be drained?
On the market side, in the sharp decline in the password market, the price of XRP fell by only 2%. As of press time, the average transaction price for XRP was $0.383. According to the data, the last day of XRP settlement has exceeded 4 million US dollars. However, its 24-hour turnover soared 45% to $1.41 billion.
The data further suggest that whales are accumulating XRP again, seizing the opportunity to buy and fall. Password Whale has since added more than 65 million XRP tokens (about $15.3 million) to several transactions. The larger cumulative transaction recorded by the tracking group was Bitso plus more than $15.3 million in use value XRP.