Whales Increase Activity as XRP Rises
Blockchain tracker Whale Alert, which monitors large cryptocurrency transactions, reported two significant XRP transfers, one of which was directed to the largest U.S. exchange, Coinbase. This whale activity comes as XRP continues its upward momentum, reclaiming the third position on CoinMarketCap.
After a sudden 16% drop on Tuesday, where XRP fell from $2.86 to $2.41, the coin has managed to recover by 10%, now trading at $2.56.
$103 Million in XRP Transferred to Coinbase
According to Whale Alert, an anonymous whale sent 39,999,989 XRP worth $103.18 million to Coinbase in the last eight hours.
A second transaction involved the transfer of 19,999,989 XRP worth $52.98 million between two anonymous wallets. In total, approximately 60 million XRP were moved, equivalent to $156 million.
Whales Continue to Accumulate XRP
Data from Santiment confirms increased whale activity. Over the weekend, whales accumulated 160 million XRP for approximately $380 million.
On December 3, Whale Alert reported 273.4 million XRP moved across six major transactions. The largest of these transfers involved 100 million XRP and 60 million XRP, with South Korean exchanges Bithumb and Upbit being the main participants.
Whales holding 1–10 million XRP acquired 679.1 million coins during XRP’s price surge, which at the time was worth $1.66 billion. Non-empty wallets also gained significant amounts of XRP, adding 5.5 million coins.
Ripple Issues Warning About Scams
On December 2, Ripple issued a critical warning about scams targeting the XRP community. In a short video, CEO Brad Garlinghouse alerted users that as the market grows, so do scams and fake giveaways.
Fraudsters often promise to double users’ XRP in exchange for sending their tokens first. Ripple stressed that neither the company nor its leadership will ever request XRP for such purposes.
"Stay vigilant. Stay safe," Ripple advised in its statement.
#Xrp🔥🔥 #Ripplenews #cryptowhales #CryptoNewss #CryptoSafety
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