In a recent transaction, XRP whales made a hefty transfer of millions of XRP tokens worth over $27 million to unknown wallets. The XRP tokens were sent from CryptoCom to unknown wallets, on October 30. The transaction was spotted by Whale Alert, a popular cryptocurrency tracker, and was made by a major exchange, Crypto.com.
A hefty amount of XRP tokens have been moved across two exchanges, in the last couple of hours. 50 million XRP has been moved from Crypto.com to an unknown wallet. The transaction was worth around $27.6 million at the time of transfer.
It is to be noted, the cryptocurrency market is no different from constant changes and swift turns for users. Meanwhile, whales moving cryptos out from an exchange signifies that they are likely to hold the assets. So, considering that it seems that the market sentiment is bullish on crypto.
The XRP price was currently trading at $0.5597, up by 3.74% over the last 24 hours. Meanwhile, its one-day trading volume soared 53.98% to $849.36 million. XRP’s live market cap is $29.82 billion, up 0.82% from yesterday.
Over the last seven days, its price noted a surge of over 5% at its current price.
Meanwhile, the recent transfer of XRP tokens into exchanges can be a positive change in the market, especially with whales exploring the opportunity during the XRP price and market status trends.