XRP He added a new one to the whale movements he has frequently recorded recently. The latest whale movement came amidst the decline in price and scared investors.
According to on-chain data, approximately 38 million XRP was transferred to a central exchange and an unknown wallet. However, analysts continue to maintain their optimistic outlook despite these transfers.
According to Whale Alert, two important transfers took place on the XRP network in the last 24 hours. The transfer of 20 million tokens in the first transfer to Bybit was the most notable of these movements.
In addition to this transfer, another whale transfer also attracted attention, transferring 18.40 million XRP to an unknown wallet. According to on-chain data, the previously mentioned amount was transferred from Bitso to unknown wallet rHBXf41ccu…9EtsJ5aLm1. Additionally, the amount of XRP transferred to the unknown wallet mentioned above totaled $11.68 million.
At the time of writing, XRP price has lost 0.53% in the last 24 hours and is currently trading at $0.6216. Moreover, today’s decline was accompanied by a weekly rise of 1.49%, marking a significant volatility recorded by the token.