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Whales Have a ‘Euphoric’ Moment as They Move $480 Million XRP

XRP whales

The price of Ripple (XRP), despite the rise in favorable sentiment surrounding it, has not significantly increased and has instead been stuck in a small range. However, as crypto titans transferred a staggering number of XRP tokens today, the XRP bulls look all charged up. 

According to WhaleStats, the XRP token has overtaken the FWC token as the most traded token among the top 100 BSC whales. The XRP token is among the top 10 most frequently used smart contracts and among the top 100 BSC whales’ most frequently purchased tokens. 

Additionally, according to WhaleAlert, during the current price increase, crypto whales shifted about 479 million XRP. In the last 24 hours, the XRP price has increased by more than four percent and is currently trading at $0.35.

Ripple moved 100,000,000 XRP evaluated at $34,004,188 USD and Binance moved 214,000,000 XRP worth $73,525,151 USD. The funds were transferred from the internal wallet of Ripple to another address that belonged to Ripple. Out of those 100 million coins, 33.5 million XRP was sent to another Ripple wallet.

A wallet that Whale Alert classified as “unknown” sent the remaining $480 million. But according to the information, the senders moved a portion of the 36,000,000, 30,000,000, and 40,000,000 XRP from Bittrex wallets to addresses connected to the Bitstamp exchange.

Bitso crypto unicorn exchange, the main ODL platform for Ripple, moved a total of 59,400,000 coins internally. The above-mentioned XRP transfers have a combined fiat value of $164.1 million.

Earlier on Sunday, Santiment reported that there was ‘euphoric crowd sentiment’ around XRP as markets moved in independent directions. Santiment wrote on Twitter,

“With #crypto market caps bouncing very much in independent directions, we’re seeing notably euphoric crowd sentiment on $XRP & $ETH. Traders are less interested in $BTC, $BNB, & $ADA. Historically, #bearish sentiment projects perform better on average.”

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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