Unusually high activity of XRP wallets has been detected, along with highest XRP sentiment since spring
According to Santiment, XRP dropped below the $0.03 level and to seventh place by market cap on Friday, and unusually high activity among XRP wallets was noticed. These wallets shifted amounts larger than $100,000 worth of XRP.
Surge in XRP Transfers of $100,000+ Noticed on XRPL — Highest Since May 13
“XRP is seeing notable whale activity, as well as high optimism, in Friday’s closing trading hours. We’ve picked up a spike of $100k+ XRP transactions that hasn’t been equaled since May 13th. Additionally, sentiment is at its highest since April”, Santiment reported.
The analytics team has spotted the highest amount of whale XRP transactions since May 13 as these wallets performed transfers of $100,000+ in Ripple-affiliated XRP tokens. Besides, they claim that the XRP sentiment has been at its highest since April this year.
On Friday, due to a massive crypto sell-off, XRP slipped to the seventh position on the top 10 scale of CoinMarketCap, losing 10% of its market value and sliding below Binance’s BUSD stablecoin. The difference between the two coins now constitutes around $2 billion in market capitalization.
According to Whale Alert, over the past 24 hours, a total sum of 210.3 million XRP tokens has been shifted. According to several recently published tweets, 132.1 million XRP from that amount was transferred from three different Bitstamp addresses to the BitGo custodial service, which stores crypto for various financial institutions. Its customers also include Ripple, a fintech behemoth.
These transfers contained 36,535,296 XRP, 50,000,030 XRP and 45,660,804 XRP worth $44.4 million total. As for the rest of the money, 40,000,000 XRP was wired to Bitstamp from the Bittrex exchange and 38,200,000 XRP was shifted by the Bitso exchange internally.
Read more:
- Ripple Behemoth And Its ODL Corridor Have Moved More Than 190 Million XRP
- XRP Price May Look Anemic, But A Potential Price Increase Would Be A Surprise For The Majority Of The Market