As the prices of the two biggest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), fell by more than 4% on Friday, the market for digital assets as a whole saw a sharp decrease. However, despite the market meltdown, Ripple's native coin, XRP, held steady while crypto whales continued to trade additional XRP tokens.
Crypto whales transferred more than 161 million (about $62 million) in several transactions during the last 24 hours, according to statistics from WhaleAlerts. The tracker's single greatest transaction was the transfer of 39 million XRP from the Bitso cryptocurrency exchange, which was roughly worth $15 million.
Over the past 24 hours, crypto whales have been caught dumping almost 100 million XRP, or about $37 million in value. A total of 69 million XRP, or around $28 million, were transferred to the Bitstamp cryptocurrency market. While on the Bitso cryptocurrency market, 27 million XRP, or around $11 million, were dumped.
In spite of the steep decline in the cryptocurrency market, the price of XRP has only decreased by 2%. As of the time of publication, XRP is trading at an average price of $0.384. According to the statistics, almost $4 million worth of XRP has been liquidated in the last day. Its 24-hour trading volume has increased by 45% to $1.41 billion.
Data also shows that whales continued to amass XRP, seizing the chance to purchase the dip. In subsequent transactions, crypto whales added more than 65 million XRP tokens, totaling about $15.3 million. The tracker's greatest accumulation transaction involved adding XRP valued more than $15.3 million from Bitso.
