Several crypto whales, including Binance, moved a large amount of XRP.
The XRP trading price has increased by 14.85% in the last 24 hours.
Whale Alert, the tracker and analyzer of cryptocurrency transactions across the blockchain, initially spotted a large amount of Ripple (XRP) transactions to several accounts that happened in the last 24 hours.
Several crypto whales moved a large amount of XRP as the embattled crypto asset experienced one of the most bullish trends this year.
Five XRP Whale Transactions in a Day
According to Whale Alert, one of the whopping transfers of Ripple was 41,140,453 XRP, worth $21 million, transferred from the world’s largest crypto exchange, Binance, to an unknown wallet.
The second whale shifted a total of 20,000,000 XRP, worth nearly $10 million, from an unknown wallet to the crypto exchange Bitstamp. And then Binance transferred 20,752,375 XRP, worth nearly 11 million USD, to an unknown wallet. The whale in question was in the first transaction, in which Binance relocated 41 million XRP to an unknown wallet. On the same day, Binance transferred another 20 million XRP to an unknown wallet.
And also, 22,805,000 XRP was transferred from Nexo to an unknown wallet. The fifth whale in a day, 20,000,000 XRP, transferred from the crypto exchange Upbit to a wallet of unknown origin.
There have been five whale transactions totaling nearly 100 Million XRP in the last 24 hours. The whale transfers come after the XRP saw a huge increase in the last week. The token surged from last week’s low of $0.37 to a high of $0.50, making an increase of nearly 30% in just seven days.
At the time of writing, XRP is trading at $0.5707, with a relatively 14.85% price surge in the last 24 hours, according to CoinMarketCap.