The cryptocurrency market has a mixed outlook. Some altcoins, such as leading crypto Chainlink, are seeing double-digit gains, while others are moving in the red zone. Leading crypto Bitcoin is trying to overcome the resistance at $66,000. In this confused atmosphere, a whale uploaded approximately 56 billion XRP Coins to CEXs. These transactions created a bearish trend on the Ripple-backed token. Elsewhere, there were 3 altcoins in the focus of the whales.
Whales wrote these 3 altcoins to the top of the list!
cryptokoin.comAs you can see from , even if the market recovers, it seems hesitant to progress further. However, whales are on the move. According to Nansen data, 3 altcoins attract attention at the top of the whales’ 24-hour fund inflow monitoring list on the Ethereum network. Nansen shared the top three fund entries at the top of the list:
- BAL: $11.66 million entry. The token is currently trading at $3.46.
- CHZ: $2.34 million entry. The token is currently trading at $0.1168.
- SHIB: $1.71 million entry. The token is currently trading at $0.00002448.
A giant whale carried 56 million XRP Coins to the exchanges!
In the backdrop of consolidation witnessed by XRP, a cryptocurrency backed by Ripple Labs, whale activity surrounding the token has once again attracted significant attention among crypto market participants. According to on-chain data, a famous XRP coin whale uploaded approximately 56 million coins to CEXs in the last 24 hours. This created a stir in the crypto community.
The transfer of significant amounts of XRP Coin to exchanges created a bearish wave towards the token’s cryptographic initiative. According to Whale Alert’s on-chain information, the whale moved 56.01 million XRP in several transactions in the past day. Interestingly, both transactions were made by the same prominent XRP whale ‘…Rzn’. In the first transaction, 29.98 million XRP was moved to Bitso, a CEX based in Mexico City. In the second transaction, 26.03 million XRP was transferred to Bitstamp, a CEX based in Luxembourg City.
XRP Coin price performance
These transactions highlighted an increasing selling pressure on XRP Coin in the market. Today, the XRP Coin price dropped in parallel with the falling market movement. On-chain data added a downward trend to the 7th largest cryptocurrency by market value. At the time of this writing, XRP Coin price is down 0.54% in the last 24 hours. The token is currently trading at $0.5161. The token’s 24-hour trading volume also decreased by 9.34% to $1.09 billion,
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