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

Criminals Use AI-Powered Tools for Cyber Attacks in India

Criminals are using AI-powered tools to conduct financially motivated cyber attacks against entities in India.

user avatarAisha Farooq

MEXC Enhances Security Measures and Capital Reserves

MEXC enhances its security framework and capital reserves by adding 1,000 BTC to its Futures Insurance Fund, aiming to protect user assets and provide a risk buffer during extreme market conditions.

user avatarTenzin Dorje

MEXC Unveils AI Trading Report with Key Insights from Crypto Traders

MEXC has released an AI Trading Report based on a survey of 3,708 crypto traders, highlighting the use of AI in trading strategies and user preferences for control and risk management.

user avatarBayarjavkhlan Ganbaatar

BingX EU Achieves MiCA License to Expand Crypto Services in Europe

BingX EU MEGE zweite GmbH has obtained a MiCA license from Austria's FMA, allowing it to offer regulated crypto services across 29 EEA countries.

user avatarMohamed Farouk

Zcash Faces 11% Decline Amid Growing Market Concerns

Zcash has experienced an 11% decline in the past 24 hours, raising concerns about market stability and the impact of AI on cryptography.

user avatarElias Mukuru

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

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.