XRP token has demonstrated a massive fall of nearly 36%, collapsing from $0.5244 to the current level of $0.3626, following the flagship cryptocurrency, Bitcoin, which slipped by over 16% since yesterday.
What this means: Many crypto experts are of the opinion that the movements of such cryptos are coming from major players within the Ripple ecosystem, on the bias that such wallets contain a significant amount of XRP.
Whales shift 440 million XRP
The aforementioned crypto tracking platform, Whale Alert, stated that in the past 24 hours, nearly half a billion XRP tokens have been shoveled between various centralized crypto exchanges. Bitstamp and crypto custodial service BitGo have exchanged around 80 million XRP tokens, while the biggest trading platform, Binance, has shifted a staggering 300,000,000 XRP internally. A total of 60 million XRP were sent from Bittrex to Bitstamp as well.
