As reported by Whale Alert, the blockchain platform that tracks massive crypto transactions, a transaction containing a large chunk of XRP was detected about fourteen hours ago.
150 million XRP transfer from whales
Aforementioned transferIt included $56,521,052 worth of Ripple-linked altcoins. Details provided by XRP-focused wallet tracker Bithomp show that a whale moved this staggering amount of XRP from a Binance wallet to a major US exchange Bittrex.
🚨 🚨 🚨 🚨 🚨 143,000,000 #XRP (56.521,050 USD) transferred from unknown wallet to unknown wallethttps://t.co/TTXOAeXkWg
— Whale Alert (@whale_alert) December 2, 2022
Recently, whales have become quite active, with large chunks of XRP being moved between wallets or exchanges.
XRP’s social dominance is rising
Besides, Santiment states that the XRP network is at the top of the trending cryptocurrency list. reported. According to the data, there is a huge increase in the social dominance of XRP. Analysts of the on-chain data platform say this makes the probability of a price increase higher than before. However, they warn that while these coins are trending, a quick sell is also possible.
Finally, the altcoin is trading at $0.39 at press time.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.