XRP whales are moving the world’s 4th most valuable cryptocurrency in large amounts amid the recent surge in its price. According to the latest data published by Whale Alert, a leading blockchain tracking and analytics firm, a crypto user transferred 15 million XRP worth more than $15.6 million from cryptocurrency exchange, crypto.com to an unknown wallet.
The transfer was executed on 25 April at 00:14 UTC. The move was recorded on Bithomp.com. XRP price gained momentum over the weekend as the digital currency jumped by more than 12% in the last 24 hours to reach $1.19. The cryptocurrency currently has a market cap of more than $53 billion.
XRP enjoyed a significant rally in the last few weeks as the digital currency touched $1.94 on 14 April, which is its highest level in more than 3 years. XRP is now up by more than 500% in the last 16 weeks. The cryptocurrency started this year at a price level of approximately $0.23.
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The total market cap of the digital currency crossed $72 billion on 13 April and touched nearly $90 billion on 14 April.
XRP’s Weekly Inflows
XRP attracted approximately $33 million in weekly institutional inflows during the third week
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