Ripple (XRP) has been pretty stagnant for a while due to the anticipated summary judgment in the ongoing lawsuit with the SEC. An announcement by the US district court in favor of Ripple or the SEC will affect the price of the local token.
Ripple Unlocks 1 Billion XRP
According to the data, Ripple has over 1 billion transactions in multiple transactions. XRP Unlocked token (worth approximately $378 million). This shows that an average of 51 billion XRP is currently entering the market. This constitutes 51% of the total supply.
However, one whale took advantage of this and did not collect around 32 million XRP in a single transaction. Koinfinans.com As we reported, the unknown whale address purchased $12.28 million worth of XRP from the Bitso crypto exchange.
Another whale transferred about 41 million XRP to Bitstamp crypto exchange to empty its Ripple holdings. As of now, the whale has carried $15.88 million worth of XRP.
Ripple price increased by almost 12% on a year-to-date (YTD) basis. However, XRP Price has fallen marginally in the last 24 hours. It is trading at an average price of $0.37 per press time. However, 24-hour trading volume fell 14% to $846 million.
Despite facing the US SEC’s XRP lawsuit, Ripple’s native token has managed to maintain its strength. XRP is still the 6th largest crypto with a market cap of around $19.2 billion.
You can follow the current price action here.