The wealthy are really upping their game following the relative bullish trend of XRP, currently the seventh most valuable cryptocurrency by market value.
According to data from Whale Alert, an unknown whale has recently moved 785,669,269 XRP worth $340,323,977 from one unknown wallet to another.
Currently, XRP is traded at $0.442774, with a daily trading volume of $2,555,123,793.
XRP is down 3.96% for the day.
This probably indicates a major player in the Ripple ecosystem, given that their wallets have such high amounts of XRP.
Ripple’s XRP is nicknamed the “remittance network.” Ripple serves as both a payment platform and a currency via its creation, XRP.
Unlike the world-famous Bitcoin, which wasn’t created with the idea of being a simple payment system, investors have been drawn to Ripple exactly for that reason.