Whales have begun moving XRP actively as price has restarted attempts to rise further
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U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, has spotted two transactions, which moved a substantial amount ofThis increased whale activity has been spotted while the XRP coin continues to rise after it recaptured third place on CoinMarketCap. After a sudden 16% decline on Tuesday, when XRP dropped from $2.86 to $2.41, XRP has managed to recover 10% and is now changing hands at $2.56.The data source mentioned above revealed that over the past eight hours, an anonymous cryptocurrency whale shoveled 39,999,989 XRP worth $103,181,519 to the Coinbase exchange.Mammoth 144,045% SHIB Burn Jump Stuns Shiba Inu Community: Details The second transfer spotted by Whale Alert carried 19,999,989 XRP valued at $52,975,474 from one unknown wallet to another. In total, roughly 60 million XRP have been transferred. It was the equivalent of $156 million.The increased whale activity was confirmed earlier this week by Santiment data, which revealed that over the weekend, whales accumulated 160 million XRP, paying roughly $380 million for it. On Dec. 3, Whale Alert also reported a staggering 273.4 million XRP in six transactions. The largest ones carried 100 million XRP and 60 million XRP. Two large crypto exchanges were involved in those transfers and both are based in South Korea – Bithump and Upbit. As XRP skyrocketed to $2.49 for the first time since January of 2018, whales with 1-10 million XRP in their bags grabbed 679.1 million XRP. By the time of the historic price jump, this amount of XRP spiked to $1.66 billion. Nonempty wallets also acquired a significant amount of XRP – 5.5 million coins.The video warned that Ripple or any of its top executives - CEO Brad Garlinghouse, CTO David Schwartz, President Monica Long, etc., - would never ask holders to send them XRP to receive a double amount afterwards, the classic scammers’ scheme. “Stay aware. Stay safe,” the Ripple X post says.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.LBank Pulse Focus Reveals Crypto's Evolution, Bridging the Narrative with Insights The Binary Holdings Secures $5 Million from ABO Digital to Fuel Expansion of their Decentralised Network Towards One Billion Users by 2025
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