XRP whale activity surges in 24 hours: shocking insider reveals!

In the past 24 hours, Ripple-backed cryptocurrency XRP has seen big moves from whales. On-chain data shows that whales have moved nearly 93 million XRP amidst wild price fluctuations.

These transactions include accumulation and dumping, with different views on the future market direction. Let's take a look at XRP's current on-chain and market data to understand future trends.

Whales shuffle 93 million XRP: What's going on?

On-chain tracker Whale Alert reports major volatility in the XRP market. Data shows that whales have moved a total of 93.58 million XRP in the past day. Of this, 32.08 million XRP (worth $14.99 million) were dumped on the exchange Bitstamp.

Meanwhile, two well-known XRP whales have accumulated remaining tokens. These two whales were previously known for cashing out when XRP fell below the $0.5 support level. The address rhWj9gaovw purchased 28.77 million XRP worth $13.77 million; the address rfQ9EcLkU6 accumulated 32.73 million tokens worth $15.51 million.

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