Strong

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p>The XRP cryptocurrency has <a href="https://twitter.com/santimentfeed/status/1752838892674482398" rel="noopener noreferrer nofollow">seen</a> a notable surge in whale transactions despite a significant drop in its market value.&nbsp;</p>
<p>Analytics firm Santiment reported that on Wednesday, the XRPLedger risked falling below a $0.50 mark for the first time since Oct. 19.&nbsp;</p>
<p>Despite this decline, there was a record number of large transactions on the network, with 217 transactions exceeding $1 million each.&nbsp;</p>
<h2 id="strong-whale-confidence">Strong whale confidence&nbsp;</h2>
<p>Interestingly, the data from Santiment also indicated that large <a href="https://u.today/xrp-holders-about-to-hit-historic-milestone-of-5-million-as-2023-ends" rel="noopener noreferrer nofollow">XRP holders</a> are not panicking in the face of this price drop.&nbsp;</p>
<p>Wallets holding at least 10 million XRP combined to own 67.2% of the available supply, the highest proportion since December 31, 2022. This data shows a certain level of confidence among major investors despite the price fluctuations.&nbsp;</p>
<p>Furthermore, Santiment points out that XRP, currently the sixth-largest cryptocurrency by market cap, could be one of the better candidates for a price recovery, especially if Bitcoin, the leading cryptocurrency, manages to stabilize the market in the upcoming week.</p>
<h2 id="a-massive-hack">A massive hack&nbsp;</h2>
<p>As <a href="https://u.today/breaking-ripple-co-founder-confirms-hack-xrp-price-plunges" rel="noopener noreferrer nofollow">reported by U.Today</a>, Ripple co-founder Chris Larsen confirmed a significant security breach involving unauthorized access to several of his personal XRP accounts. The breach led to the theft of approximately 213 million XRP. This incident is the largest hack in the cryptocurrency space so far in 2024. The news of this breach caused a big plunge in the token's price.&nbsp;</p>
<p>Ripple CEO Brad Garlinghouse addressed the situation, denouncing "irresponsible speculation" about the security of Ripple-managed wallets. He clarified that no Ripple-managed wallets were compromised in this incident.</p>

XRP Whale Transactions Surge Amid Price Drop

목차

U_Today

2024년 2월 1일에 게재된 다른 기사

The 5 AI Altcoins Set to Transform the Crypto Landscape in 2024

Animoca Brands Japan’s New COO to Set Rivalry for Web3 Companies

Zeitgeist Redefines Decentralized Prediction Markets With Blockchain’s First DLMSR-Based AMM

Recent Developments in Cryptocurrency Markets

Crypto Price Prediction For February 1: BTC, APE, TIA

Klasha and FOMO Pay join forces on cross-border payments

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!