Whales have a ‘euphoric’ moment as they move $480 million XRP
- Susan G. Hall
- 0
- on Jan 09, 2023
The price of Ripple (XRP), despite the rise in favorable sentiment surrounding it, did not rise significantly and was instead stuck in a small range. However, while the crypto titans transferred an impressive number of XRP tokens today, the XRP bulls all seem to be loaded.
According to WhaleStats, the XRP token overtook the FWC token as the most traded token among the top 100 BSC whales. The XRP token is among the top 10 most frequently used smart contracts and among the top 100 tokens purchased by BSC whales.
Additionally, according to WhaleAlert, during the current price surge, crypto whales moved around 479 million XRP. In the last 24 hours, the price of XRP has increased by more than 4% and is currently trading at $0.35.
Ripple moved 100,000,000 XRP valued at $34,004,188 and Binance moved 214,000,000 XRP worth $73,525,151. The funds were transferred from Ripple’s internal wallet to another address owned by Ripple. Of these 100 million coins, 33.5 million XRP were sent to another Ripple wallet.
A wallet that Whale Alert listed as “unknown” sent the remaining $480 million. But according to the information, the senders moved part of the 36,000,000, 30,000,000 and 40,000,000 XRP from the Bittrex wallets to addresses connected to the Bitstamp exchange.
Crypto unicorn exchange Bitso, the main ODL platform for Ripple, moved a total of 59,400,000 coins internally. The XRP transfers mentioned above have a combined fiat value of $164.1 million.
Earlier on Sunday, Santiment reported that there was a “euphoric crowd feeling” around XRP as the markets moved in independent directions. Santiment wrote on Twitter,
“With #crypto market caps bouncing in independent directions, we are seeing particularly euphoric crowd sentiment on $XRP and $ETH. Traders are less interested in $BTC, $BNB and $ADA. Historically, #bearish sentiment projects perform better on average.