Get the scoop on finance - sign up for mobile alerts
Ripple and XRP
| On
December 1, 2022

Whale Abruptly Moves Over $110,000,000 in XRP – Here’s Where the Crypto’s Going

By Daily Hodl Staff

A huge crypto whale is moving more than $110 million worth of XRP in a single transaction this week as the digital asset market attempts to recover from its steep correction earlier this month.

Blockchain tracker Whale Alert reports that an unknown wallet sent 280,684,171 XRP to another unknown wallet on Tuesday morning.

ADVERTISEMENT

The receiving wallet was activated the same day as the transaction and still holds the digital assets at time of writing, according to the XRP explorer Bithomp. The sending wallet was activated and first received the XRP trove on November 21st.

XRP is trading at $0.40 at time of writing. The seventh-ranked crypto asset by market cap is down more than 1% in the past 24 hours. XRP has also retraced over 13% in the past month and remains more than 88% down from its all-time high of $3.40, which it hit in early January 2018.

Other recent large XRP transactions on Whale Alert’s radar include:

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/IvaFoto

ADVERTISEMENT