The post Millions of XRP Sent to Bitstamp in Wake of XRP Price Surge appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Major crypto tracking bot Whale Alert, which tracks down large crypto transfers by whales and crypto exchanges, has registered a significant amount of XRP transferred to the Bitstamp exchange within the last 24 hours. The funds were deposited from an anonymous digital wallet. This notable XRP transaction took place as the Ripple-affiliated XRP crypto, the holder of fifth place, according to the CoinMarketCap scale, staged a price surge of 4.45% over the weekend. Millions of XRP sent to Bistamp amid XRP price surge Whale Alert spotted a significant chunk of XRP transferred to the Bitstamp trading platform, carrying 24,200,000 XRP in total. This amount of crypto is equal to $14,918,529. The transfer was made as the XRP price suddenly rose from the $0.61269 level on Saturday to $0.63999, where it is changing hands at the time of this writing. Thus, it may seem that a whale decided to sell a portion of their XRP portfolio in the wake of this abrupt price surge. XRP and many other cryptocurrencies have staged price rises, following the leading digital currency Bitcoin surpassing the $41,000 level earlier today as it soared to $41,522 on Bitstamp. Analysts believe that the BTC price surge above $40,000 has finally happened after a long wait due to the recent regulatory developments and high crypto market…

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Filed under: News - @ December 5, 2023 3:26 am