In the past 7 days, the value of the digital asset xrp has risen by more than 10%, getting rid of the loss of most cryptocurrencies last week. According to Whale Alert data, someone moved 449.3 million xrp on December 19. In addition, xrp holders also hope to get an airdrop from a project called Sologenic.

Ripple Last week rose 10%, whale moved hundreds of millions of tokens

Crypto assets Ripple (Ripple) Since the digital currency has risen by more than 10% last week, its market has been buzzing. Ripple Year-to-date (YTD) has grown by 54%, accounting for 1.76% of the $2.3 trillion crypto economy. on the last day, Ripple It has been changing hands at a price of US$0.83 to US$0.91 each. Although the 54% year-to-date return is good, RippleThe 12-month return is much lower than most of the crypto assets in the top ten.

also, Ripple It is still 74% lower than the all-time high (ATH) of crypto assets on January 7, 2018, nearly four years ago. Ripple There are countless pairs, but the tether (USDT) Accounted for 62.97% of all transactions on December 20, 2021. The Korean won (11.93%) is followed, Bitcoin (5.97%), USD (5.34%), TRY (2.62%), JPY (2.40%), BUSD (2.13%), EUR (1.92%), USDC (0.91%) and GBP (0.75%).

Some of the most active exchange transactions Ripple Currently includes Binance, Bequant, Hitbtc, Crypto.com, Huobi Pro and Huobi Japan. Ripple We have also seen a lot of whale movement in the past 48 hours.For example, whale alert catch 17,700,000 Ripple The value of 15 million USD was transferred from Bitso to an unknown wallet.Robot also catch 20,000,000 transferred from Bithumb to an unknown wallet.

Whale parser saw other Ripple Transfer 20,000,000 Ripple To Coinsph And 20,000,000 Ripple name. Whale Alert also catch An entity moved 449.3 million xrp in two splits on December 19 trade.

Sologenic SOLO airdrop triggers demand

In addition to whale sports, some people think Ripple The demand comes from people who want to receive 500 million US dollars in airdrops. monomer, Firm leverage Ripple, Plans to put a coin called SOLO token to Ripple Holder. The project aims to “become the most influential blockchain-based project in the world by bridging the gap between traditional financial markets and cryptocurrencies.”

In addition to the upcoming SOLO snapshot, the project is also using the token named for another airdrop Core (core)Sologenic explained that SOLO will be able to be traded on the project’s decentralized exchange (dex) platform, and “total supply is 400,000,000 SOLO”. The Sologenic team stated that the SOLO coin is Ripple Ledger.

What do you think of the rise in the value of xrp last week? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 4,900 articles about destructive protocols emerging today for Bitcoin.com News.