The price of the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), fell by more than 4% on Friday, causing a significant decline in the value of all digital assets worldwide. The native XRP token, on the other hand, is holding its own during the market collapse, and crypto whales are still moving more XRP tokens.
Right now, the average price of XRP is $0.383. Data indicates that over $4 million worth of XRP has been liquidated in the most recent day. But to $1.41 billion, its 24-hour trading volume has climbed by 45%.
Whales are still acquiring XRP and buying it on the downside. Over the last 24 hours, whales have moved more than 161 million (about $62 million) in transactions. The tracker's single highest transaction transferred 39 million (or almost $15 million) from the cryptocurrency exchange Bitso.
According to information given by WhaleAlert, cryptocurrency whales have exchanged more than 440 million XRP (about $177 million) in transactions during the last day. The whale's greatest transaction was a transfer of 252 million XRP (about $100 million) to an unidentified wallet.
But the tracker also noted a significant transaction in which the whale transferred 125 million XRP (about 50 million worth) to an unidentified wallet.
Interest in XRP accumulation among Whale BSC
Data from a number of sources shows that XRP accumulation consistently draws whales. According to Whalestats, XRP was among the top 10 tokens purchased in the previous day by the 100 largest BSC whales.
The list of the 100 BSC whales' most often used contracts over the previous 24 hours also includes XRP. The top 100 BSC whales, however, currently own XRP worth almost $29 million.
The cost of XRP has increased by 2% during the past 24 hours. At the time of publication, it is trading for an average price of $0.40. Its 24-hour trading volume did, however, slightly rise to $968 million.