Ripple Labs’ native token XRP once again drew attention with whale transactions on the blockchain. Significant whale activity captured by Whale Alert on Tuesday caused crypto investors to turn their attention to the altcoin. According to data provided by Whale Alert, four whale movements occurred with massive transactions centered on Binance. In these transactions, 264.41 million XRP worth $139.93 million were withdrawn from the exchange.
What Did XRP Whales Do Today?
Looking at the data provided by CoinMarketCap, the upward momentum experienced during the day seems to have reversed. The sense of rise that emerged during the daytime gave way to uncertainty again after Bitcoin’s sharp fall.
Despite the recent decline, many analysts such as Cryptoes, XRP Whale, and Egrag Crypto continue to reflect an upward trend in XRP in their analyses.
According to important information provided by Whale Alert, which tracks crypto whales, four different transactions reflecting accumulation were carried out today specifically for XRP. These four different transactions were carried out by four different addresses. All of the transactions caught the attention of participants in the crypto world, especially XRP followers.
In the first of these transactions, the address ending in …LQkK withdrew 20.63 million XRP from Binance, and it was revealed that the address ending in …8Cvi withdrew 21.23 million XRP. Following these, the addresses ending in …4iNf and …bZKk also withdrew 200 million and 22.55 million XRP, respectively.
These transactions took place amidst a price increase that emerged in the morning, once again highlighting XRP’s tendency to rise.
On the other hand, according to data provided by Coinglass, there was a 6.55% increase in current market sentiment, indicating a value of $640.01 million.
What is the Current Price of XRP?
As mentioned above, the price showed signs of rising during the day, but then fell to $0.5180, a 1.38% decrease over the last 24 hours, influenced by the sharp drop in Bitcoin. Looking at the XRP/TRY pair, XRP was trading at 15.97 TL at the time of writing.
On the other hand, a decrease was also observed in XRP’s market capitalization. XRP’s market cap fell by over 1% to $28.2 billion. Meanwhile, there was an increase in the 24-hour trading volume. As a result of the increase, the volume exceeded $1.1 billion, a 50% increase.
