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

Getty Images Stock Trading Suspended by NYSE

The New York Stock Exchange has suspended trading of Getty Images stock as of September 29, 2023, due to the company's ongoing financial issues and significant debt.

user avatarJacob Williams

Getty Images Faces Bankruptcy Risks Amid Rescue Financing Talks

Getty Images is in confidential discussions with lenders for a rescue financing deal, which may lead to bankruptcy and a lender takeover.

user avatarZainab Kamara

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

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.