CoinGabbar reported 411 million XRP transfers in the past 24 hours. Whales spent about $30 million buying 76.9 million XRP tokens.
XRP is back in sixth spot after this price surge. Despite a lawsuit, XRP has a market value of nearly $19.66 billion.
The price of XRP has increased by more than 12% throughout this time.
Over the previous 30 days, XRP, Ripple's native cryptocurrency, has proven to be the most profitable token among the top 10 digital assets. When compared to the largest cryptocurrency, Bitcoin (BTC), the price of XRP has increased by more than 13% throughout this time. This price change has enabled XRP to retake sixth place in the standings.
In the past 24 hours, more than 411 million XRP have been transferred, according to data provided by CoinGabbar. In various transactions, whales purchased about 76.9 million XRP coins, totaling almost $30 million.
However, the whale tracker's largest transaction was the addition of $16.6 million worth of XRP from the Binance cryptocurrency market.
While this was happening, the whale tracker noticed a strange transfer of 300 million XRP tokens, or about $115.97 million, from Binance to an unidentified wallet. However, this transaction happens at the same time as other large withdrawals from the cryptocurrency market Binance.
It was stated by CZ, CEO of Binance, that this is all FUD. It has followed the cryptocurrency exchange ever since its ICO in 2017. Deposits are returning to Binance, according to CoinGabbar. The FUD surrounding Binance facing FTX contagion and a DOJ investigation, he continued, is the cause of the significant withdrawals.
However, with the recent price increase, a whale also transferred roughly $13.8 million worth of XRP tokens to the Bitstamp cryptocurrency platform.
Over the last 30 days, the price of XRP has increased by about 12%. At the time of this writing, the native cryptocurrency of Ripple is trading for an average of $0.39. Its daily trade volume has increased significantly to $972 million.
This price increase has enabled XRP to retake sixth place in the list of the top digital assets. XRP is still holding a significant market valuation of over $19.66 billion despite being the target of a lawsuit.
