Crypto whales transferred more than 400 million XRP tokens (worth about $154 million) in the last 24 hours.
Data shows that whales collected 86.8 million XRP tokens (about $32 million).
WhaleStats reported that XRP overturned the LEVE token to become the most traded token among the top 100 BSC Whales.
Trend in recent weeks. XRP has been riding the wave of bullish sentiment in the crypto industry.
However, whale movements have shown to be one of the primary drivers of the recent XRP price increase.
In the last 24 hours, crypto whales transferred more than 400 million XRP tokens (worth about $154 million) in multiple transactions, according to WhaleAlert. The largest single transaction recorded was the transfer of 262.3 million XRP tokens (about $97 million).
Data shows that whales collected 86.8 million XRP tokens (about $32 million) in multiple transactions. However, a whale scooped up $17.1 million in 45.8 million XRP tokens from the crypto exchange Bitso.
This move has resulted in a 2% increase in the price of XRP in the last 24 hours. At the time of writing, XRP is trading at an average price of $0.374, and its 24-hour trading volume is approximately $1.08 billion. Also, the price of XRP has been severely affected as a result of legal challenges filed against the SEC.
However, a few whales also transferred XRP tokens from their wallets to crypto exchanges to sell. As per reports, the whales transferred 68 million XRP tokens (worth around $25 million) to crypto exchanges. The largest transaction was the transfer of $13.9 million in XRP tokens to Bitstamp, a cryptocurrency exchange.
Furthermore, WhaleStats reported that Ripple's native token, XRP, overturned the LEVE token to become the most traded token among the top 100 BSC Whales.
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