XRP, a cryptocurrency backed by Ripple Labs, birthed a tsunami of speculations among crypto traders and investors today, as its price continued trading in the green, topping the $0.64 mark briefly in the past 24 hours. Amid this notable pump witnessed by the Ripple-backed token, enormous XRP whale activity surfacing across the vast sea of crypto showcased nearly 244 million coins reshuffled, nabbing significant investor attention.
Meanwhile, market dynamics added a tint of optimism to XRP, with the token taking a bullish stage today. Here’s everything about XRP’s tokenomics in the market today.
Whales’ 244 Mln XRP Move Ignites Curiosity
According to the data revealed by the blockchain tracking platform Whale Alert, the aforestated amount was shifted in three noteworthy transactions. Intriguingly, all three of these transactions sparked immense investor enthusiasm, showcasing accumulations and on-chain transfers between whales in hand.
The accumulations done by whales totaled 34 m
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