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Ripple and Whales Move 350M+ XRP As Price Drops Below $0.46

Ripple has moved 120 million XRP tokens in two separate transactions, with the assets eventually sent to several exchanges. The first transaction involved the transfer of 50 million XRP to another address owned by Ripple, which then transferred 70 million XRP to another Ripple-affiliated wallet before being sent to Bitso, Bitstamp and Independent Reserve. In addition to Ripple's movements, other whale addresses cumulatively moved over 230 million XRP tokens in five separate transactions. These transactions come at a time when XRP is struggling to hold above the $0.46 price territory amid a fierce battle with the bears.

(By ALBERT BROWN)

XRP XRP $0.54
+1.9%
Ripple XRP
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