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Whale Alert, a cryptocurrency whale tracker, says that in just three transactions, Ripple (XRP) whales have moved more than 158.71 million tokens. At the time of writing, the tweet states that the largest transaction is moving over 68 million XRP tokens and is worth more than $32.63 million.
In addition, Whale Alert has recorded 60 million tokens worth roughly $28.4 million in the second-largest transaction in the last six hours.
Whale Alert claims that the cryptocurrency exchange Bitstamp, based in Luxembourg, sent the first two transactions to anonymous wallets. Bitstamp introduced Shiba Inu (SHIB), the second-largest meme coin and the 14th-largest crypto by market cap, to its customers based in the United States.
XRP price has increased in the past 24 hours
Last but not least, 30 million XRP tokens were sent to Bitso, a crypto exchange based in Mexico, in the most recent transaction, which was worth approximately $14.2 million.
The XRP price has also increased in the last 24 hours as the total crypto market cap has once again reached $1 trillion.XRP is currently trading at $0.476, up 3.15 percent in the last 24 hours, closing the gap with the 7-day high of $0.48, as reported by CoinMarketCap (CMC).
Not to mention that, according to a report published by U.Today, XRP created its “golden cross” for the first time in 15 months. Analysts view this as a bullish indicator.
NFTs, DeFi, and micropayments are just a few of the payment-related applications and use cases that the XRP Ledger supports.
Python, Java, and JavaScript programmers can take advantage of the power utility and adaptability provided by the XRPL, which was released in 2012. On the XRP website, developers can access a variety of tutorials to learn how to create apps, manage accounts, and use various coding languages.
Developers use the XRP Ledger and its native coin, XRP, to create solutions that address inefficiencies like asset tokenization and remittance. The XRP Ledger currently has five primary uses: payments, tokenization, DeFi, CBDCs, and stablecoins. Other uses include tokenization.
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How many coins of XRP can be purchased?
The developers of the XRP Ledger gave Ripple 80 billion XRP so that the company could build use cases around the digital asset, like RippleNet, its global payments network.
In contrast to Ethereum and Bitcoin, the XRPL validates transactions with a unique Federated Consensus mechanism. A consensus protocol is used to confirm transactions on the XRPL.
The order of XRP transactions and their outcomes are agreed upon by validators, and designated independent servers.
The network’s servers process each transaction in the same way, and any transaction that complies with the protocol is immediately confirmed.
Anyone can operate a validator, and anyone can view all transactions. Over 150 validators are currently in operation on the ledger, operated by universities, exchanges, businesses, and private individuals.
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