The biggest Binance whales have moved Ripple and a number of altcoins to the most traded list at a time when the market is on the rise. Transactions come at a time when each crypto is rising in double digits.
Binance whales carry millions of Ripple (XRP)
Whales transfer large amounts of Ripple (XRP) from exchanges to unregistered addresses. Meanwhile, XRP has managed to maintain its uptrend in recent weeks. XRP rides the wave of positive sentiment in the cryptocurrency market. However, whale movements are proving to be one of the main drivers of the recent XRP price surge.
XRP is currently trading in the green around 5% and 15% on a daily and weekly basis. On January 14, the overall cryptocurrency market was in an uptrend, with XRP leading the way. The 6th largest crypto by market cap is trading at $0.3939 at the time of writing.
Whales collect Ripple and altcoins
According to WhaleAlert, in the past 24 hours, crypto whales have moved more than 400 XRP in multiple transactions. That means roughly $154 million worth transferred. The largest recorded transaction was the transfer of 262.3 million XRP worth 97 million. According to the data, the whales have accumulated 86.8 million XRP (about $32 million) in multiple transactions. On the other hand, a whale bought 45.8 million XRP from crypto exchange Bitso for $17.1 million.
Meanwhile, XRP and LUNA were among other altcoins bought by Binance whales. In addition, Dogecoin is one of the prominent coins among whales. According to data provided by WhaleStats, the biggest BSC whales are dealing with XRP, DOGE, FIL and LUNA.
JUST IN: $DOGE @dogecoin now on top 10 purchased tokens among 500 biggest #BSC whales in the last 24hrs 🐳
We've also got $XRP, $FIL & $LUNA on the list 👀
Whale leaderboard: https://t.co/f4ZJg8SIWe#DOGE #whalestats #babywhale #BBW pic.twitter.com/YCXBeGTRiN
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) January 9, 2023
Specific to XRP, the above transactions resulted in an increase of over 5% in the price of XRP in the last 24 hours. At the time of writing, XRP is trading at an average of $0.3939. The 24-hour trading volume is approximately $1.08 billion. Meanwhile, it has a market capitalization of more than $19.1 billion. However, the XRP price has been severely hampered by legal challenges from the SEC.
Meanwhile, several whales moved millions of XRP from their wallets to cryptocurrency exchanges to sell. According to the data, the whales carried 68 million XRP tokens (worth around $25 million). The biggest transaction was the transfer of $13.9 million in XRP to Bitstamp. However, according to WhaleStats, XRP has reversed the LEVE token, making it the most traded token among the top 100 BSC whales.
Latest developments from the SEC case
cryptocoin.com As you follow, regarding the legal process, John Deaton mentioned that it will not be resolved until a decision is made from US District Court Judge Analisa Torres. Experts think that more companies will be involved in the litigation process in the coming months.
