XRP social engagements and mentions have soared to new high in past 90 days
As reported by popular crypto tracker Whale Alert, which tracks large crypto transfers, the past 24 hours saw three major transactions moving a total of 230 million XRP coins. Most of it was withdrawn from the Binance exchange.
In the meantime, Ripple-affiliated coin XRP has been reported to have reached a major new milestone across social media platforms.
230 million XRP on the move
Three “huge” transactions were detected, totaling 150,000,000 and two transfers, each running 40,000,000 XRP coins. In total, these three transactions moved close to $80 million worth of XRP.
The largest chunk — 150 million coins — was moved from Binance exchange. Details provided by XRP explorer Bithomp show that the receiver’s wallet tagged by Whale Alert as “unknown” also belongs to Binance. This was an internal transfer of XRP.
For the other two transactions, 40 million coins were moved from Bittrex wallets to Bitso exchange, a major Ripple ODL partner based in Mexico. Another 40 million XRP went to Bitstamp, also from an address on Bittrex.
XRP hits peak in social activity
In a recent tweet published by LunarCrush tracking service for the social engagement of cryptocurrencies, XRP has been seeing a massive rise in engagements and mentions across various social media platforms.
Today, the number of social mentions related to XRP, the seventh largest crypto, increased to 57,460. This is the highest peak in the last 90 days. Specifically, according to the chart, XRP social mentions increased by 223.5%. Social engagement also increased by 75.8%.
XRP whales keep stocking up
A few days ago, Santiment on-chain data agency reported that wallets holding between 1 million and 10 million XRP coins have been making massive purchases of this Ripple-affiliated crypto as this year is drawing to an end. The number of these wallets has surged to a peak of 1,617. They now collectively hold an all-time high of 7.23% of the total XRP supply in circulation.
At the time of writing, XRP is trading at $0.35108, up 3.07% today.
