XRP, one of the leading altcoins in the cryptocurrency world, has lost its place to SOL as of yesterday. Following this, whale transfers occurred on Thursday. This situation did not escape the attention of cryptocurrency investors.
Market participants caught these transactions through Whale Alert. According to market data, it was revealed that 182.6 million XRP were recently moved to a CEX and an unknown wallet. The investigation into the data revealed that this XRP movement consisted of a series of four transactions.
XRP Whale Transactions
Whale Alert, which examines whale movements on the blockchain, shared transactions related to XRP’s current market performance. The token’s movements allowed investors to make more inferences.
According to data provided by the blockchain tracking platform Whale Alert, it was revealed that 62.6 million XRP were transferred to the CEXs Bitstamp, Bitso, and Bybit. In addition, 120 million XRP were transferred to an unknown wallet in Ripple.
When the details revealed by the data were examined, it was stated that an unknown wallet named raQxZLtqur…XMNwvFRkJN transferred 20 million XRP to the Bybit exchange on December 21.
Furthermore, transfers to other notable exchanges, Bitstamp and Bitso, were carried out by a wallet address named r4wf7enWPx…5XgwHh4Rzn, and a total of 42.6 million XRP were transferred in these transactions. In particular, the wallet with the address r4wf7enWPx…5XgwHh4Rzn moved 24.6 million XRP to Bitstamp, while another transaction shifted 18 million XRP to the Bitso exchange.
Moreover, another significant whale transaction in XRP did not go unnoticed by traders. In this transaction, 120 million XRP tokens were transferred from Ripple to an unknown wallet named rP4X2hTa7A…7XZ63sKxv3.
XRP Price Rising
XRP, which lost its place to SOL yesterday, continues its stable price trend. As of the time of writing, the XRP price has risen by 1% in the last 24 hours and is trading at $0.6168. Additionally, XRP’s 24-hour trading volume has increased by 18% and reached 1.34 billion dollars. When examining the overall market volume, XRP’s volume experienced a 1% increase and reached 33 billion dollars.
A leading crypto analyst named Cryptoes shed more light on the price increase witnessed by the token. According to Cryptoes, XRP’s current market performance paints a better picture of an uptrend today. Furthermore, the token should continue to pump as long as it stays above the green diagonal.
