A new, unidentified XRP whale address recently acquired over 104 million XRP tokens amid ongoing market consolidation. Whale Alert, a crypto whale tracking service, brought attention to this significant transaction.
On-chain data from leading XRPL explorer Bithomp confirmed that the transaction involved precisely 104,400,229 XRP, valued at $58.2 million. This transaction took place yesterday at 16:07 UTC, indicating another substantial move in the cryptocurrency market.
The accumulation of these tokens comes as the market consolidates above $0.56, pointing to possible strategic positioning by significant investors in the cryptocurrency space.
