XRP address transfers 90 million coins to Bithumb
Selling pressure, negative sentiment and a sharp increase in volatility, XRP has faced several challenges over the past 4 weeks. While the correction in the crypto market caused a massive drop in the prices of major digital currencies, XRP fought hard to maintain its position in the top 10.
XRP millionaires, addresses holding at least 2 million coins, improved their transfer activity during the 2022 bear market. Data released by Whale Alert, a leading blockchain monitoring and crypto analytics firm, highlighted highlights a transaction worth $56 million involving the movement of 90 million XRP coins from a digital address to the crypto exchange, Bithumb.
the transaction was executed on January 26 at 6:10 UTC. The transfer, which was recorded on Bithomp.com, represents one of the digital asset’s biggest on-chain moves in the past 3 days. Yesterday, a crypto whale moved 20 million XRP coins worth over $12 million from Bithumb to an unknown wallet.
Similar to other digital currencies, XRP suffered huge losses in the first three weeks of 2022. However, the crypto asset rose by around 5% yesterday. In the last 7 days, the price of XRP has fallen by 16%, compared to a drop of more than 30% at Solana and almost 26% at Cardano.
Ripple Crypto Report
On Monday, Ripple released a report on the current state of the global crypto ecosystem and highlighted the growing popularity of blockchain, NFTs, and CBDCs.
“While the sudden and remarkable explosion of non-fungible tokens (NFTs) in 2021 presented another mainstream application for blockchain, the past year in crypto has largely been marked by steady growth and maturation in the conversation around new use cases and benefits of blockchain and crypto The emergence of new Central Bank Digital Currency (CBDC) projects, deepening policy and regulatory discussions, and wider adoption of crypto by traditional financial institutions all signaled the continued growth of technology within traditional finance,” the report notes.
Selling pressure, negative sentiment and a sharp increase in volatility, XRP has faced several challenges over the past 4 weeks. While the correction in the crypto market caused a massive drop in the prices of major digital currencies, XRP fought hard to maintain its position in the top 10.
XRP millionaires, addresses holding at least 2 million coins, improved their transfer activity during the 2022 bear market. Data released by Whale Alert, a leading blockchain monitoring and crypto analytics firm, highlighted highlights a transaction worth $56 million involving the movement of 90 million XRP coins from a digital address to the crypto exchange, Bithumb.
the transaction was executed on January 26 at 6:10 UTC. The transfer, which was recorded on Bithomp.com, represents one of the digital asset’s biggest on-chain moves in the past 3 days. Yesterday, a crypto whale moved 20 million XRP coins worth over $12 million from Bithumb to an unknown wallet.
Similar to other digital currencies, XRP suffered huge losses in the first three weeks of 2022. However, the crypto asset rose by around 5% yesterday. In the last 7 days, the price of XRP has fallen by 16%, compared to a drop of more than 30% at Solana and almost 26% at Cardano.
Ripple Crypto Report
On Monday, Ripple released a report on the current state of the global crypto ecosystem and highlighted the growing popularity of blockchain, NFTs, and CBDCs.
“While the sudden and remarkable explosion of non-fungible tokens (NFTs) in 2021 presented another mainstream application for blockchain, the past year in crypto has largely been marked by steady growth and maturation in the conversation around new use cases and benefits of blockchain and crypto The emergence of new Central Bank Digital Currency (CBDC) projects, deepening policy and regulatory discussions, and wider adoption of crypto by traditional financial institutions all signaled the continued growth of technology within traditional finance,” the report notes.