Moving in many whale transactions as of November 10 XRP tokens attracted attention. According to the data, more than 150 million tokens moved, and mobility in the market attracted attention.
Following its partial victory in the case between the SEC and Ripple Labs, the XRP token has recorded continuous price fluctuations. Whales have moved millions of tokens to date to create support in the price trend of the XRP token.
According to Whale Alert data, approximately 24.70 million XRP was transferred from an unknown wallet named r4wf7enWPx…5XgwHh4Rzn to Bitso, a digital asset exchange based in Mexico. Additionally, the same wallet transferred 23.40 million tokens to another centralized exchange called Bitstamp, headquartered in Luxembourg. If the tokens in question are offered for sale, they may increase the supply, triggering a drop in price.
With this, crypto- Another transaction that sparked speculation among enthusiasts was further fueled when an unknown wallet, rJqiMb94hy…W8AzELa8nE, sent 100 million XRP to another unknown wallet, rP4X2hTa7A…7XZ63sKxv3, as of today.
The whale movement in question to an unknown wallet appears to be unlike transfers to exchanges. Transferring tokens between unknown wallets indicates that the market may exhibit a bullish sentiment revolving around the token.
As of the date of writing, the XRP price has experienced a marginal decrease of 6.68% and reached $0.6503 as of today. Additionally, its market capitalization reached $34.87 billion, a decrease of 6.56%. The price has witnessed an increase of around 8% in the last seven days, while it has increased by over 30% in the last 30 days.
Interestingly, the Ripple Swell conference held in Dubai ended without the much-sought-after Initial Public Offering announcement for Ripple.