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XRP News: 357 Million XRP Moved While Coinbase Stops Support

XRP News: XRP, Ripple’s native crypto has faced much resistance from different platforms due to the US SEC launching a lawsuit against it. However, these troubles haven’t stopped whales from accumulating the token. However, positive XRP news coming from the crucial lawsuit has helped it to stay relevant in the market.

Whales seem to be motivated toward XRP even after the long running lawsuit. As per WhaleAlert, more than 357 million XRP (approx worth $141 million) have been moved by whales in multiple transactions.

Data depicts that whales added over 51.6 million XRP (approx worth $21 million) in the last 24 hours. The largest transaction recorded has been of acquiring $10.5 million from the Bitso crypto exchange.

While more than 280 million XRP (approx worth $110 million) has been moved from unknown wallets amid price fluctuations. However, whales have moved $10.1 million worth of XRP to the Bitstamp crypto exchange.

On the market side, XRP price is up by more than 2% over the past day. It is trading at an average price of $0.4, at the press time.

(By Ashish Kumar)

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