Is there a sharp drop coming? Ripple whales carried millions of XRP

The crypto-currency whales have been quiet for a long time, but now they’re in motion. Ripple whales make huge transfers and carry a million arc of XRP.

Large XRP transfers from Ripple whales
According to whale monitor Whale Alert, Ripple whales moved a total of $4.8 million worth of 17,908,786 XRP from Ripple wallets to an unknown wallet. There’s no word yet on what to do with these XRPs. The change in XRP price movements will show the whale wind flowing into the market.

Ripple, the third-largest cryptocurrency, is trading at $0.25, down 6 percent during writing. The second-largest altcoin now has a market capitalization of $11 billion. Ripple manages a market capitalization of $1.1 billion during writing, a last 24 hours of trading. Ripple trading is currently dominated by the RightBTC Stock Exchange, with 19 percent.

About Post Author

Miu Lin

Miu is a journalism major and has been writing as a business journalist for various dailies before joining OBN. She currently writes about blockchain, cryptocurrencies and business news.