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Crypto Whales Scoops 150 Million XRP As XRPL Drops New Proposal

XRP is experiencing an upward trend, driven by an anticipated win in the SEC lawsuit, as well as a new proposal on the XRP Ledger (XRPL) called Hooks. Ripple announced that Hooks will add smart contract-like functionality to the XRPL, allowing for custom code to influence the behavior and flow of transactions. Crypto whales are accumulating more XRP tokens in response to this proposal, with over 146 million XRP, worth approximately $77 million, added by whale addresses in multiple transactions over the last 24 hours, according to data from WhaleAlert.

(By Ashish Kumar)

XRP XRP $1.45
-1.37%
XRP SEC Ripple
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