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

CFTC Moves Forward Amidst Stalled CLARITY Act

The CFTC's regulatory initiative reflects growing pressure on US regulators to address gaps in digital asset oversight as the CLARITY Act stalled in Congress.

user avatarMiguel Rodriguez

CFTC Proposes New Crypto Asset Market Registration

The CFTC proposes a new registration category for crypto asset markets to streamline regulatory oversight.

user avatarLuis Flores

Tom Lee Discusses Resilience of Crypto Market Post-Binance Hack

Tom Lee discusses the resilience of the crypto market following the recent Binance hack, highlighting its muted reaction and positive signs for the future.

user avatarArif Mukhtar

Bitmine Continues Ethereum Acquisition Amid Binance Hack

Bitmine Immersion Technologies continues its weekly Ethereum acquisition, adding 8,573 ETH worth approximately $19 million, totaling 6,060,506 ETH.

user avatarMaria Gutierrez

Trezor Expands Passphrase Limit to Enhance Wallet Security

Trezor has increased the passphrase limit for its hardware wallets from 50 to 128 characters to enhance security for users' cryptocurrency holdings.

user avatarDavid Robinson

Animoca Brands Expands Institutional Business with New Fund Management Authorization

Animoca Brands has received authorization to manage collective investment funds in Abu Dhabi, enhancing its institutional business.

user avatarAndrew Smith

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.