• The crypto market has seen a drop in the cumulative market cap of 0.88% over the past 24 hours.
• Crypto whales have moved millions of XRP tokens to different crypto exchanges, transferring 385 million XRP tokens worth almost $131 million.
• The largest single transaction was for 35.1 million XRP tokens worth about $11.8 million, purchased by an unknown crypto whale through the Bitso exchange.
The crypto market has recently experienced a decline in the cumulative market cap, with a 0.88% drop over the past 24 hours. This has been particularly felt by XRP, as traders have been selling off their assets. This decline has attracted the attention of crypto whales, who have been taking advantage of the current dip in the market to buy up large amounts of XRP tokens.
According to WhaleAlert, an on-chain data provider, crypto whales have transferred a total of 385 million XRP tokens to crypto exchanges within the past 24 hours. This is worth almost $131 million in the current market prices. The largest single transaction was for 35.1 million XRP tokens worth about $11.8 million, purchased by an unknown crypto whale through the Bitso exchange. In addition, several other whales have moved a total of 70 million XRP tokens to various crypto exchanges, with the total value being around $25.6 million. Most of these transactions were for the Bitstamp exchange, totaling $10.1 million.
The interest of crypto whales in XRP tokens is a sign that the crypto market is still in its crypto winter, as investors are looking for the best time to buy up assets before the market turns around. It is likely that these whales are hoping to take advantage of the current dip in the market and make significant profits when the market turns around. As such, it is important for traders to keep an eye on the market and make sure they are aware of any potential opportunities.