XRP Whale Transactions
Despite a significant drop in its market value, XRP has witnessed a surge in whale transactions, and major investors remain confident, while a substantial security breach involving the theft of 213 million XRP has also occurred.
XRP Whale Transactions Surge Despite Price Drop Despite a significant price drop, XRP, a digital currency, has experienced a notable surge in large transactions, with a record 217 transactions exceeding $1 million each, even as XRP's value nearly dipped below $0.50.
Big Investors Stay Confident Despite the price decline, major XRP holders, who collectively own 67.2% of the available supply, have displayed confidence in the cryptocurrency.
Major Security Breach Chris Larsen, one of the founders of XRP, reported a significant security breach resulting in the theft of approximately 213 million XRP, leading to a substantial price decrease. Ripple CEO Brad Garlinghouse reassured the safety of company-managed wallets.
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