Major XRP Transactions: Over 180 Million Moved in a Day

user avatar

by Giorgi Kostiuk

2 years ago

In the past 24 hours, Whale Alert has recorded a significant number of large XRP transactions. These events occurred as the cryptocurrency price increased.

Anonymous XRP Transfers

Whale Alert spotted three large transfers moving nearly 183 million XRP. The largest of these carried 99,999,977 XRP, valued at $222,109,105. The smallest transaction was made from the Uphold exchange to an anonymous wallet, while the other two were between unknown addresses.

XRP Market Dynamics

In the last 24 hours, XRP has shown a 21.48% recovery following a recent price fall, reaching a local high of $2.37 per coin before dropping 3.27%. The current price is $2.30. XRP's movement closely follows the dynamic of Bitcoin, which also rebounded after a recent drop.

New Ripple Product

This week, Ripple officially launched its new product — the RLUSD stablecoin, pegged to the US dollar. Ripple is now competing with giants like Tether (USDT) and Circle (USDC) in the stablecoin market, which is projected to grow from $160 billion to $3 trillion by 2028.

Major XRP transactions and the release of Ripple's new product indicate heightened activity in the cryptocurrency market, accompanied by significant price growth.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bybit Introduces Bybit Odds, Integrating Prediction Market Analytics

Bybit has launched Bybit Odds, an innovative analytics product designed to integrate prediction market data into its trading ecosystem.

user avatarTando Nkube

Binance Expands Automated Trading Tools for Users

Binance has introduced new Spot Grid and Spot DCA bot support for additional trading pairs, enhancing its spot platform's automation.

user avatarKofi Adjeman

China Launches Investigation into AI Labs for Data Misuse

China has launched an investigation into AI labs DeepSeek and Moonshot AI for allegedly routing sensitive user data to Anthropics servers.

user avatarNguyen Van Long

Lion Group Holding Adds HYPE Tokens to Corporate Treasury

Lion Group Holding has disclosed a corporate treasury position of approximately 195,000 HYPE tokens, marking a significant move in corporate crypto asset holdings.

user avatarSatoshi Nakamura

Zcash ETP Gains Traction Amidst Market Surge

Zcash has seen a remarkable price increase this year, with gains exceeding 2,700%, fueled by the launch of the Zcash exchange-traded product (ETP) by 21Shares, providing a regulated way for investors to gain exposure to Zcash.

user avatarJesper Sørensen

21Shares Launches Europe's First Zcash ETP

21Shares has launched the first Zcash ETP in Europe, available on Euronext Paris and Amsterdam, with a 25% management fee.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.