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XRP’s Market Price Soars Ahead of Sologenic Airdrop

XRP's Market Price Altcoin News
  • XRP market gained more than 10% over the past week.
  • XRP whales are now moving millions.
  • Sologenic plans to drop a coin known as SOLO tokens for XRP holders.

The crypto asset XRP markets have been humming because the digital currency has earned more than 10% over the past week. Over the last day, XRP has been swinging between $0.83 and $0.91 per token. 

XRP is up 54% year-to-date (YTD), representing 1.76% of the $2.3 trillion crypto economy. However, XRP recorded much lower gains compared to other crypto assets in the top ten most valuable crypto in the world.

XRP/US Dollar Chart
Source: (TradingView)

Moreover, a number of the most active exchanges dealing in XRP at this time embody Binance, Bequant, Hitbtc, Crypto.com, Huobi Professional, and Huobi Japan.  Besides, XRP has seen a variety of whale motions over the past 48 hours. 

For example, Whale Alert detected 17,700,000 XRP transfers worth $15 million from Bitso to an unknown wallet. Also, the bot saw 20,000,000 transferred from Bithumb to unnamed pockets. 

The whale in question seized other XRP transfers of 20,000,000 XRP to Bisto and 20,000,000 XRP to Coinsph. Whale Alert further noticed an entity transferring 449.3 million XRP on December 19 in two particular transactions.

Furthermore, the whale activities consider XRP demand originated from someones who need in on a $500 million airdrop. Sologenic, a tool leveraging XRP, plans to drop a coin known as SOLO tokens to XRP holders.

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A Computer Engineering graduate who writes news focuses on cryptocurrency-related and blockchain technology. He is enjoying using his skills to contribute to informing people of the exciting technological advances that happen every day.