Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours

XRP seems to have fallen short in capitalizing on the procedural wins that Ripple has gained from its ongoing legal battle against the SEC. Although the asset managed to increase by almost 2% over the last 24 hours, it is still down by 1.6% over past week. On a 14-day and 30-day period, the crypto is staring at losses of 5.3% and 7%, respectively. On a year-to-date basis, the 6th largest digital currency in terms of market capitalization has declined by 58.1%. The asset continues to deal with price dumps as it is trading at $0.459 according to tracking from Coingecko. Whales seem to be buying the XRP dip as they try to accumulate millions worth of the token. Related Reading: Decentraland (MANA) Seen Getting Pulled Downstream In Next 7 Days – Here’s Why Major Wallets Hoarding Over $48 Million In XRP Over the last 24 hours, while the crypto space was busy with its apparent bullish run that made almost all of digital assets increase their trading prices, major wallet addresses have also been busy accumulating large number of XRP coins. According to information shared by tracker Whale Alert, during the time frame, 105 million XRPs were added to major wallets. Among the whale activities, the biggest one was $25.8 million worth of transaction that involved the Bitstamp crypto exchange. Whale Alert, however, also shared that 100 million units of the altcoin worth around $45.4 million were moved from a wallet named “Ripple” to an unkn...