XRP, a leading altcoin in the cryptocurrency world, recently lost its position to SOL. Following this, significant whale transfers occurred on Thursday, catching the attention of crypto investors. Market participants detected these transactions through Whale Alert, revealing the movement of 182.6 million XRP to a Centralized Exchange (CEX) and an unknown wallet, occurring in a series of four transactions.
Whale Alert, a blockchain monitoring service, shared details of the transactions related to XRP’s current market performance, enabling investors to make more informed decisions. According to Whale Alert’s data, 62.6 million XRP were transferred to CEXs including Bitstamp, Bitso, and Bybit, and an additional 120 million XRP were moved to an unknown wallet within Ripple.
The data revealed that an unknown wallet, identified as raQxZLtqur…XMNwvFRkJN, transferred 20 million XRP to the Bybit exchange on December 21. Other notable transfers to Bitstamp and Bitso were made by the wallet address r4wf7enWPx…5XgwHh4Rzn, totaling 42.6 million XRP. Specifically, 24.6 million XRP were moved to Bitstamp, and another transaction shifted 18 million XRP to Bitso.
Another significant whale transaction involved the transfer of 120 million XRP tokens from Ripple to an unknown wallet, rP4X2hTa7A…7XZ63sKxv3, which did not go unnoticed by traders. This indicates ongoing large-scale movements within the XRP ecosystem.
Despite losing its position to SOL, XRP’s price remains stable. At the time of writing, XRP’s price had increased by 1% in the last 24 hours, trading at $0.6168. The 24-hour trading volume for XRP also rose by 18%, reaching $1.34 billion. Overall, XRP’s market cap experienced a 1% increase, valued at $33 billion. A prominent crypto analyst, Cryptoes, shed light on the price increase, suggesting that XRP’s current market performance paints a better picture for a potential upward trend, provided it stays above the green diagonal line.