XRP Whales Dump 53 Mln Tokens Amid Price Drop To $0.49šš„
Analytics from Whale Alert, an on-chain data tracking platform, reveal a noteworthy sell-off of Rippleās XRP. In the latest whale transaction, an XRP trader offloaded over 29 million XRP tokens, amplifying the impact of the ongoing decline in XRPās value. This significant move adds to the prevailing concerns about the cryptoās market performance.
The whale dumped 29.1 million XRP, valued at $14.72 million, via an unknown wallet to Bitstamp, a crypto exchange headquartered in Luxembourg. In addition, in another transaction, 23.7 million XRP tokens worth $11.98 million were offloaded to Bitso, another crypto exchange, through an undisclosed wallet. The total worth of these transactions comes up to a whopping $26.7 million with nearly 53 million tokens dumped.
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