The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even the global crypto market cap is up by 0.11%, reflecting the rate at which most tokens are rallying over the past few days.

A recent WhaleAlert report reveals massive XRP whale transfers happening amid the token’s price surge. The report showed the movement of nearly 429 million tokens (about $167 million) on multiple whale addresses in the last 24 hours.

According to the WhaleAlert, the largest single whale transaction was a transfer of 209 million XRP worth approximately $81 million. The crypto whales added $49 million (about 123 million XRP) in multiple transactions. One whale address accumulated 94.3 million tokens ($38 million) in a transaction from Binance.

XRP Makes Top 1,000 BSC Whales List Following Price Surge

Ripple’s native cryptocurrency, XRP, has recorded a price increase of nearly 12% in the past seven days. Its trading volume has also added by 55% and is now at $1.3 billion. Despite the long-running lawsuit from the SEC against Ripple, XRP’s market cap remained unfazed, being over $19.5 billion.

However, WhaleAlert recorded outflows of Ripple’s native coin on several whale addresses. Several whales moved 97 million of Ripple’s native coin worth approximately $37 million to the Bitstamp crypto exchange.

Aside from the massive whale addresses activity, WhaleStats also reported that XRP tokens ranked the second largest cryptocurrency…