XRP Whales Have Increased Their Holding of the Supply to 18.3%

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• Whale activity for XRP has picked up over the last few weeks.
• Whale Alert shows that 35M XRP was moved to Bitstamp from an unknown address.
• XRP’s price has risen 2.16% over the last 24 hours.

Crypto whales have been quite busy with the remittance token, Ripple (XRP), over the last few weeks, according to data from the blockchain analysis firm, Santiment. The data also added that whale addresses went from holding 16.7% of XRP’s supply to 18.3% in just the last 5 weeks.

In addition, a tweet made by the crypto analyst Whale Alert shared that 35,000,000 XRP has been transferred from an unknown wallet to Bitstamp. At current prices, this is estimated to be worth approximately $13,809,712.

At press time, CoinMarketCap shows that the price of XRP is trading at $0.3907 following a 2.16% increase over the last 24 hours. This recent price movement has also flipped XRP’s weekly movement into the green as well, as the coin is also up 1.07% over the last 7 days.

Compared to the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), XRP has weakened against both by around 1.16% and 1.51% respectively. The daily trading volume has, however, increased and currently stands at $1,078,644,275 at press time. This is a 22.64% increase compared to the day before.

The post XRP Whales Have Increased Their Holding of the Supply to 18.3% appeared first on Coin Edition.

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