The digital asset xrp has appreciated more than 10% in value over the past seven days, mitigating the losses that a majority of crypto coins suffered last week. According to Whale Alert, someone moved 449.3 million XRPs on December 19. Additionally, XRP owners are expecting an airdrop from a project called Sologenic.
XRP Gaining 10% in the last week, whales move hundreds of millions of tokens
The crypto asset xrp (XRP) and its markets buzzed as the digital currency gained more than 10% in the past week. XRP is up 54% year-to-date (YTD) and dominates 1.76% of the $ 2.3 trillion crypto economy. On the last day, XRP has changed hands for prices between $ 0.83 and $ 0.91 per unit. While 54% YTD gains are decent, XRPThe 12 month gains were much lower than most crypto assets in the top ten.
Besides that, XRP is still 74% lower than the all-time high (ATH) of the crypto asset almost four years ago on January 7, 2018. XRP has a variety of pairs but tether (USDT) controls 62.97% of all trades on December 20, 2021. KRW follows (11.93%). BTC (5.97%), USD (5.34%), TRY (2.62%), JPY (2.40%), BUSD (2.13%), EUR (1.92%), USDC (0 , 91%) and GBP (0.75%).
Some of the most active exchanges trade in XRP today belong to Binance, Bequant, Hitbtc, Crypto.com, Huobi Pro and Huobi Japan. XRP has also seen a lot of whale movement in the past 48 hours. For example whale alarm Caught 17,700,000 XRP valued at $ 15 million transferred by Bitso to an unknown wallet. The bot too Caught 20,000,000 transferred from Bithumb to an unknown wallet.
The whale parser saw others XRP Transfers of 20,000,000 XRP according to Coinsph and 20,000,000 XRP according to Bitso. Whale alert too Caught a company that on December 19 split 449.3 million xrp into two separate Transactions.
SOLO Airdrop from Sologenic creates demand
Aside from the whale movements, some believe XRP The demand is coming from people who want a $ 500 million airdrop. Soloists, a fixed leverage XRP, plans to drop coin called SOLO token too XRP Holder. The project aims to become “the most influential blockchain-based project in the world by bridging the gap between traditional financial markets and cryptocurrencies”.
In addition to the upcoming SOLO snapshot, the project is also making another airdrop with a token called Core (core). Sologenic states that SOLO will be available for trading on the project’s decentralized exchange platform (Dex) and that “a total of 400,000,000 SOLOs will be available”. The Sologenic team says the SOLO coins will be issued on the XRP Ledger.
What do you think of xrp’s appreciation over the past week? Let us know what you think on this matter in the comments below.
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Source: Crypto News Austria