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Investor confidence in the cryptocurrency market as a whole has improved over the past several weeks, and Ripple (XRP) has been no exception. Even the total value of all cryptocurrencies is up by 0.92%, which reflects how quickly most coins have been rising over the past several days.
Meanwhile, massive XRP whale transfers are being made as the token’s price is on the rise, according to a recent WhaleAlert report. According to the study, over 429 million tokens—or around $167 million—moved through various whale addresses in the previous day.
🚨 🚨 🚨94,311,362 #XRP (37,988,531 USD) transferat de la #Binance la portofel necunoscuthttps://t.co/C0a7H7CMon
- Alertă de balenă (@whale_alert) Ianuarie 16, 2023
WhaleAlert reports that a transfer of 209 million XRP worth roughly $81 million was the single-largest whale transaction. The crypto whales made multiple trades totaling $49 million (or 123 million XRP). In a Binance transaction, one whale account accumulated 94.3 million tokens worth 38 million dollars.
Ripple Records Gains Despite Ongoing SEC Lawsuit
Over the past seven days, the price of XRP has increased by around 12%, according to data from CoinMarketCap. As of right now, it has a $1.3 billion trading volume, which has increased by 55%. Despite the ongoing SEC litigation against Ripple, the market capitalization of XRP, which is over $19.5 billion, has not been affected.
However, some whale addresses had Ripple’s native coin outflows noted by WhaleAlert. Some whales transferred 97 million Ripple native coins, valued at about $37 million, to the Bitstamp cryptocurrency exchange.
Aside from the significant whale address activity, WhaleStats also revealed that the top 1,000 BSC (Binance Smart Chain) whales possessed XRP coins, which were the second-largest cryptocurrency by dollar value. The largest BSC whale now has bitcoin assets valued at roughly $27.6 million.
JUST IN: $ XRP @Clipoci este din nou în top 10 prin volumul de tranzacționare printre cele mai mari 500 #BSC balene în ultimele 24 de ore 🐳
Priviți aici primele 100 de balene: https://t.co/f4ZJg8SIWe
(și hodl $BBW pentru a vedea datele pentru primii 500!)#XRP #whalesestats #babywhale #BBW pic.twitter.com/3gmivJkUeZ
— WhaleStats – lista bogată în top 1000 BSC (@WhaleStatsBSC) Ianuarie 17, 2023
Recent data shows that the biggest BSC whales secured XRP’s spot among the top 10 cryptocurrencies they bought. It also appeared on the list of the tokens that BSC whales traded the most.
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