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Whales Accumulate XRP Despite It Being Down 21% In 30 Days

Published 06/02/2023, 09:56
Updated 06/02/2023, 10:15
Whales Accumulate XRP Despite It Being Down 21% In 30 Days

  • The price of XRP has dropped about 21% over the last month.

  • Among the top 100 BSC whales, XRP is one of the most traded cryptos.

  • XRP is currently trading hands at $0.3993 after a 2.67% drop in price.

Now that the total crypto market cap is once again above $1 trillion, it is giving the crypto community the chance to think about other matters in the industry like the possible outcome of the dispute between the SEC and Ripple.

With people’s eyes on Ripple (XRP), it has been noticed that the altcoin’s price has dropped about 21% over the last month while other cryptocurrencies in the market like Cardano (ADA) and Polygon (MATIC) saw respective increases of about 50% and 53% over the same time period.

In addition to this, XRP is also the top loser among the top 10 biggest cryptos over the past 90 days as the price of the token fell by 17% over this time.

On the other hand, Ripple’s Q4 2022 XRP Markets Report tells a different story as it showed that demand for its On-Demand Liquidity (ODL) offering is still very strong. The company generated sales of $226.31 million in just this one quarter.

The whale tracking platform WhaleStats also recently shar…

The post Whales Accumulate XRP Despite It Being Down 21% In 30 Days appeared first on Coin Edition.

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