Over 405 Million XRP Moved in the Last 24 Hours. Here’s Where They’re Heading

Regardless of the drop in the price of XRP, the XRPL native token, whales continue to move the token in numbers. Particularly, more than $165 million in value have been moved in the last 24 hours employing XRP, the 6th-largest cryptocurrency by market capitalization.

As reported by the leading blockchain analytics platform Whale Alert, a total of 405,094,751 XRP has been shifted by deep-pocketed investors in just two transactions. 

In one of the transactions, an unknown whale transferred 153 million XRP worth $63,971,393 at the time of execution between two unknown wallets. This transaction was completed on Sunday at 19:55 UTC. 

Notably, the receiving wallet holds only 90.4 XRP at press time as the 153 million XRP tokens were immediately distributed to several locations including exchanges in smaller volumes. This suggests that these tokens may have been dumped in the market.

Whale Alert also noted that a total of 252,094,751 XRP tokens were transferred from one unknown wallet to another unidentified wallet by a whale about 9 hours ago. This transaction was valued at 101,046,580 USD at the time of writing. 

As the Ripple-SEC case seems to be winding down gradually, more whales have been accumulating and circulating millions of XRP. As reported by Times Tabloid, over 319 million XRP was moved a couple of days ago by whales in less than 24 hours. In another report, more than 356 million XRP were shuffled within a day by whales.

Read Also: Top Crypto Proponent Supports Ripple over SEC, Predicts XRP to Moon but Says He Won’t Buy. Here’s Why

This increasing whale activity suggests that XRP could moon massively in the coming days or weeks as predicted by a top crypto analyst. More so, a victory for Ripple in the XRP lawsuit expected to end by mid-2023 could further put XRP in the uptrend direction.

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