Data provider platform Santiment reported that it has detected phenomenal activity in its XRP wallets, with the Ripple (XRP) token falling to seventh place among the world's largest cryptocurrencies following Friday's drop.
According to Santiment data, with the decrease in the price of the altcoin, the number of transactions over $100,000 between wallets has reached levels not seen since May 13. Also, Santiment claims that XRP sentiment is currently at its highest level since April of this year.
"#XRP is seeing notable whale activity, as well as high optimism, in Friday's closing trading hours. We've picked up a spike of $100k+ $XRP transactions that hasn't been equaled since May 13th. Additionally, sentiment is at its highest since April."
On Friday, as a result of a major cryptocurrency sell-off, XRP dropped to seventh place on CoinMarketCap's top 10, losing 10% of its market cap and falling below Binance's BUSD stablecoin. The difference between the two coins is currently around $2 billion in market cap. However, a total of 210.3 million Ripple tokens have changed hands between wallets in the last 24 hours, according to the Whale platform, which tracks the activity of whale accounts.
According to several recent tweets, 132.1 million XRP of this amount was transferred from three different Bitstamp addresses to the BitGo custody service, which stores crypto for various financial institutions. BitGo's customers include Ripple. These transfers included 36,535,296 XRP, 50,000,030 XRP and 45,660,804 XRP, worth a total of $44.4 million.
Latest Situation in XRP Price
At the time of writing, XRP price has been recorded as $0.343, according to CoinGecko data, while XRP's last 24-hour trading volume was $925,627,985. XRP price is up 0.6% in the last 24 hours. There is a supply of 49 Billion XRP coins in circulation, with a total supply of 100 Billion XRP coins. Binance is currently the most active market for XRP trading.