XRP

Ripple releases 400 million XRP tokens, valued at around $217 million

February 26, 2024 1 min read

Ripple (XRP) has released around 400 million XRP tokens, worth around $217 million, according to Whale Alert. These unexpected transactions have sparked the curiosity of the XRP community due to its unusual timing. Traditionally, Ripple, the company behind the XRP token released around 1 billion XRP tokens from its escrow wallet on the first day of each month. However, only half a billion tokens were locked in escrow in February.

Ripple was hacked for around 213 million $XRP worth over $112.5 million

January 31, 2024 1 min read

Ripple, the company behind XRP crypto, just got hit by a nasty cyberattack. Hackers swiped around 213 million XRP, worth around $112.5 million at the time. The eagle-eyed sleuth @zachxbt was the first to spot the security breach, sounding the alarm bells and sending the crypto world into a frenzy. According to the report, the tokens are being laundered through various exchanges, including MEXC, Gate, Binance, Kraken, and a whole bunch more. Meanwhile, in the ongoing legal

Ripple CEO Hints at Potential US Bank Adoption: Key to XRP’s Success?

January 22, 2024 1 min read

Ripple CEO Brad Garlinghouse recently hinted at a significant development: the potential adoption of XRP by US banks. In a video shared by blockchain influencer Ben Armstrong, a well-known voice in the industry, it was claimed that the adoption of XRP by US banks could be the “key to XRP’s success.” Ripple faced significant legal challenges for over two years after the SEC sued the platform in 2020, accusing it

XRP Sees 244% Increase in Investor Interest Following Spot Bitcoin ETF Launch

January 17, 2024 1 min read

The recent approval and launch of spot Bitcoin ETFs in the US has had a positive ripple effect on the crypto market, particularly for XRP. CoinShares’ weekly data on digital asset fund inflows shows a significant increase in institutional investor interest in XRP-based investment products, fueling speculation about the approval of a spot XRP ETF shortly. The introduction of spot Bitcoin ETFs resulted in a significant increase in both price

Whale moves over 443.1 million XRP, worth $254.8 million, sparking community speculation

January 17, 2024 1 min read

XRP has once again taken center stage with a significant transfer of 443.1 million XRP, worth $254.8 million at the current price of $0.573 per XRP. This transaction, which occurred just over an hour ago, has piqued the interest of the crypto community, resulting in widespread speculation. This latest transfer follows a much larger transaction on Sunday that involved nearly $15 billion in XRP, or approximately 25.6 billion tokens. This

Hackers Tries To Steal Over $15 Billion in XRP From Bitfinex Fails

January 16, 2024 1 min read

Bitfinex CEO Paolo Ardoino revealed details about a foiled hacking attempt that targeted nearly $15 billion in XRP, accounting for nearly half of the total value of XRP. According to Ardoino, hackers attempted to use an XRP Ledger network feature to move a large amount of XRP. However, the attempt failed, with the actual transaction amounting to only a few cents in XRP. The hacker’s inability to carry out the

Over $147 billion worth of Ripple (XRP) coins were transferred to crypto exchanges

January 15, 2024 1 min read

Whale Alert, a vigilant tracker of significant crypto transactions, raised the alarm, claiming an astronomical transfer of over $147 billion in Ripple (XRP) coins to crypto behemoths Binance and Bitfinex. But before we get into the sensational figure, let’s unpack the mystery behind this attention-grabbing headline. The reported transfer immediately raised eyebrows in the crypto community because Ripple’s (XRP) total circulating supply is set at 54 billion XRP. The numbers

Bitcoin Traders Lose Over $180 Million in 48 Hours Amid Price Fluctuations and Fake SEC Tweet

January 10, 2024 1 min read

While the crypto community awaits the decision on a Bitcoin Spot ETF, Bitcoin traders are caught in a whirlwind of uncertainty, resulting in losses exceeding $180 million in a matter of 48 hours. This wild ride is characterized by rapid price fluctuations and the impact of a deceptive tweet, shedding light on the market’s susceptibility to manipulation. On December 9th, a phony tweet from the SEC’s X account announced the

Whale Transfers 47 million XRP To Crypto Exchanges

December 29, 2023 1 min read

Recent on-chain data shows significant whale activity in XRP transactions, including a massive transfer of around 47 million XRP tokens to crypto exchanges. As the price of XRP falls, investors and the crypto community speculate on the reasons for these large transactions. According to a detailed report, a whale made two significant transfers, transferring a total of 47 million XRP tokens to centralized exchanges (CEXs). The transactions took place as

Over $190 million worth of XRP dumped in December by Ripple

December 27, 2023 1 min read

Ripple, a major crypto player and XRP holder, has been actively liquidating its monthly unlocked reserves. The company’s recent sell-offs have piqued investors’ interest, with over $192.2 million in XRP already dumped in December alone. In this article, we will go over Ripple’s liquidation strategy and its potential implications for the XRP market. Ripple had already sold 240 million XRP worth $148.8 million as of December 21. This was 40

The founder of Cardano Remains Firm on XRP Criticism Despite Backlash

December 19, 2023 1 min read

Charles Hoskinson, the founder of Cardano, has upheld his critical stance on XRP, asserting that XRP lacks both partnership and technical value. This reaffirmation comes a year after his initial comments and follows persistent harassment from the XRP community spanning two years. When questioned about his viewpoint on XRP, Hoskinson highlighted the ongoing harassment and underscored the absence of technical parallels between Cardano and XRP as the basis for his

Ripple Unlocks 1 Billion XRP Tokens: What Does This Mean for the XRP Community?

December 1, 2023 1 min read

Ripple Labs, the company behind XRP, has restarted its monthly release program, releasing 1 billion XRP tokens from its Escrow reserve. This routine transaction, revealed by leading cryptocurrency tracker Whale Alert, occurred in three consecutive whale transactions. The first transaction resulted in the release of 200 million XRP tokens worth $120.4 million. The second transaction followed quickly, revealing 300 million tokens worth around $180.6 million. The final whale transaction from