{"id":567343,"date":"2023-12-29T09:58:45","date_gmt":"2023-12-29T09:58:45","guid":{"rendered":"https:\/\/wncen.com\/?p=567343"},"modified":"2024-06-11T11:15:07","modified_gmt":"2024-06-11T11:15:07","slug":"xrp-whales-moves-47-million-to-exchange-as-price-dips","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-whales-moves-47-million-to-exchange-as-price-dips\/","title":{"rendered":"XRP Whales Moves $47 Million To Exchange, As Price Dips"},"content":{"rendered":"

XRP whales<\/span><\/a> are on the move again, as on-chain data reveals that the crypto asset has witnessed a massive whale activity in the past day, which has led investors and the crypto community to ponder on the reasons behind these large transactions.<\/span><\/p>\n

Whale Transfers 47 million XRP To Cryptocurrency Exchanges<\/span><\/h2>\n

A report has shown that a<\/span>\u00a0whale has shifted approximately 47 million XRP<\/a> tokens to crypto exchanges. Data from the on-chain tracker Whale Alert revealed the funds were moved to centralized exchanges (CEXs) in two distinct transfers.\u00a0<\/span><\/p>\n

Related Reading: XRP Whales Show Exchange Inflow Activity, Bad Sign For Price?<\/a><\/div>\n

The two whale transactions came in light of the token experiencing a price decline. The first transfer <\/span>saw<\/span><\/a> about 24,800,000 XRP tokens valued at $15,463,840 being moved to the crypto exchange Bitso.\u00a0<\/span>Data from the on-chain tracker shows that the unknown wallet address r4wf7enWPx\u20265XgwHh4Rzn made the move 11 hours ago.<\/span><\/p>\n

The second transaction <\/span>shifted<\/span><\/a> about 23,800,000 XRP which was valued at $14,840,298 at the time of transfer. Whale Alert reported that the same wallet address mentioned above also made the transfer to another crypto exchange Bitstamp.<\/span><\/p>\n

This is not a surprise as the stated wallet has been making such huge transfers to both Bitso and Bitstamp exchanges. On Wednesday, December 27, the same wallet address was reported moving over 49 million XRP to the centralized exchanges.<\/span><\/p>\n

The whale transaction also took place in two distinct transfers. The wallet address moved 22.90 million XRP valued at approximately $14 million to <\/span>Bitstamp<\/span><\/a>. Meanwhile, the second transaction was reported to have witnessed 16.50 million XRP worth about $10.43 million moved to the Mexican-based exchange Bitso.<\/span><\/p>\n

The movement of XRP to the stated CEXs via the same wallet address has become a regular occurrence in the cryptocurrency space.\u00a0 This might be due to <\/span>Ripple<\/span><\/a>‘s strategic partnership with Bitstamp and Bitso, in which the CEXs make use of Ripple’s payment services.<\/span><\/p>\n

Could The Price Of The Crypto Asset Reach $2,500?<\/span><\/h2>\n

Crypto expert Egrag Crypto recently revealed an intriguing story of his conversation about the <\/span>pricing of XRP<\/span><\/a> with a prominent banker. The analyst <\/span>shared<\/span><\/a> the story with the entire crypto community on the social media platform X (formerly Twitter).<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts XRP Price Will Explode 58,000% To $352<\/a><\/div>\n

The conversation revolved around the token, as both figures examined how the altcoin might reach a value of $2,500 soon. The discussion arose when the banker challenged Egrag to clarify how 40,000 XRP could ultimately equal $100 million.<\/span><\/p>\n

\"XRP\"
XRP showing a decade-long cycle | Source: Egragcrypto on X<\/a><\/figcaption><\/figure>\n

Taking up the challenge, Egrag showed the banker how the asset would reach $2,500 using a chart he posted alongside. According to the chart, the token might reach this price level by 2029.\u00a0<\/span><\/p>\n

Due to this, the banker has considered the digital asset a long-term investment, as he believes it could result in enormous gains by then.<\/span><\/p>\n

Currently, the token’s price is sitting at $0.629, indicating a decline of about 1.60% in the past 24 hours. Its trading volume is also down by over 20%, while its market cap is down by 1.68%.<\/span><\/p>\n

\"XRP\"
XRP trading at $0.63 on the 1D chart | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

XRP whales are on the move again, as on-chain data reveals that the crypto asset has witnessed a massive whale activity in the past day, which has led investors and the crypto community to ponder on the reasons behind these large transactions. Whale Transfers 47 million XRP To Cryptocurrency Exchanges A report has shown that a\u00a0whale has shifted approximately 47 million XRP tokens to crypto exchanges. Data from the on-chain tracker Whale Alert revealed the funds were moved to centralized exchanges (CEXs) in two distinct transfers.\u00a0 Related Reading: XRP Whales Show Exchange Inflow Activity, Bad Sign For Price? The two whale transactions came in light of the token experiencing a price decline. The first transfer saw about 24,800,000 XRP tokens valued at $15,463,840 being moved to the crypto exchange Bitso.\u00a0Data from the on-chain tracker shows that the unknown wallet address r4wf7enWPx\u20265XgwHh4Rzn made the move 11 hours ago. The second transaction shifted about 23,800,000 XRP which was valued at $14,840,298 at the time of transfer. Whale Alert reported that the same wallet address mentioned above also made the transfer to another crypto exchange Bitstamp. This is not a surprise as the stated wallet has been making such huge transfers to both Bitso and Bitstamp exchanges. On Wednesday, December 27, the same wallet address was reported moving over 49 million XRP to the centralized exchanges. The whale transaction also took place in two distinct transfers. The wallet address moved 22.90 million XRP valued at approximately $14 million to Bitstamp. Meanwhile, the second transaction was reported to have witnessed 16.50 million XRP worth about $10.43 million moved to the Mexican-based exchange Bitso. The movement of XRP to the stated CEXs via the same wallet address has become a regular occurrence in the cryptocurrency space.\u00a0 This might be due to Ripple‘s strategic partnership with Bitstamp and Bitso, in which the CEXs make use of Ripple’s payment services. Could The Price Of The Crypto Asset Reach $2,500? Crypto expert Egrag Crypto recently revealed an intriguing story of his conversation about the pricing of XRP with a prominent banker. The analyst shared the story with the entire crypto community on the social media platform X (formerly Twitter). Related Reading: Crypto Analyst Predicts XRP Price Will Explode 58,000% To $352 The conversation revolved around the token, as both figures examined how the altcoin might reach a value of $2,500 soon. The discussion arose when the banker challenged Egrag to clarify how 40,000 XRP could ultimately equal $100 million. Taking up the challenge, Egrag showed the banker how the asset would reach $2,500 using a chart he posted alongside. According to the chart, the token might reach this price level by 2029.\u00a0 Due to this, the banker has considered the digital asset a long-term investment, as he believes it could result in enormous gains by then. Currently, the token’s price is sitting at $0.629, indicating a decline of about 1.60% in the past 24 hours. Its trading volume is also down by over 20%, while its market cap is down by 1.68%. Featured image from Shutterstock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":564898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[988,991,91009,1260,89488,3680,32968,4531,10972,78763],"class_list":["post-567343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-bitso","tag-bitstamp","tag-centralized-exchange","tag-cex","tag-egrag","tag-ripple","tag-whale-alert","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Whales Moves $47 Million To Exchange, As Price Dips<\/title>\n<meta name=\"description\" content=\"XRP whales are on the move again, as on-chain data reveals that the crypto asset has witnessed a massive whale activity in the past day.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Whales Moves $47 Million To Exchange, As Price Dips","url":"http:\/\/wncen.com\/news\/ripple\/xrp-whales-moves-47-million-to-exchange-as-price-dips\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-whales-moves-47-million-to-exchange-as-price-dips\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_1987854818.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_1987854818.jpg?fit=3508%2C2000"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitso","bitstamp","centralized exchange","cex","egrag","ripple","whale alert","xrp","xrpusd","xrpusdt"],"dateCreated":"2023-12-29T09:58:45Z","datePublished":"2023-12-29T09:58:45Z","dateModified":"2024-06-11T11:15:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Whales Moves $47 Million To Exchange, As Price Dips\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-whales-moves-47-million-to-exchange-as-price-dips\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-whales-moves-47-million-to-exchange-as-price-dips\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_1987854818.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_1987854818.jpg?fit=3508%2C2000\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitso\",\"bitstamp\",\"centralized exchange\",\"cex\",\"egrag\",\"ripple\",\"whale alert\",\"xrp\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-12-29T09:58:45Z\",\"datePublished\":\"2023-12-29T09:58:45Z\",\"dateModified\":\"2024-06-11T11:15:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_1987854818.jpg?fit=3508%2C2000","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/567343"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=567343"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/567343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/564898"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=567343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=567343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=567343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}