XRP Social Mentions In December Hits A Record High Of Roughly 60,000

Key Points:

• XRP social engagements and mentions have hit a new high record in the past 90 days

Three “massive” transfers totaling 150,000,000 XRP coins were found, along with two transfers that each moved 40,000,000 XRP coins. The combined value of these three transactions was close to $80 million in XRP.

150 million coins, the greatest portion, were transferred from the Binance exchange. According to the information given by explorer Bithomp, Binance also owns the wallet that Whale Alert labeled as belonging to the receiver as “unknown.” This transaction was internal.

The other two transactions involved the transfer of 40 million tokens from a Bittrex wallet to Bitso, a significant Mexican Ripple ODL partner. The remaining 40 million tokens were sent to Bitstamp from a different Bittrex-related account.

According to a recent tweet from the cryptocurrency social interaction analytics site LunarCrush, the Ripple native cryptocurrency has seen a sharp increase in engagements and mentions on multiple social media platforms.

Today, the number of social mentions reached 57,460. That is the highest peak in the previous 90 days. According to the graph, XRP social mentions increased by 223.5%. Social engagement increased by 75.8% as well.

Recently, the Santiment on-chain data agency revealed that as the year is coming to a close, wallets holding between 1 million and 10 million XRP tokens have been making significant purchases of this Ripple-affiliated cryptocurrency. These wallets have become much more common, reaching a peak of 1,617. They now own an all-time high of 7.23% of the available supply.

As of the time of this writing, XRP is up 3.07% today, trading at $0.35108.

As Coincu reported on December 17, Jim Cramer, a well-known financial journalist and the head of CNBC’s “Mad Money” program claimed that Dogecoin (the original meme cryptocurrency), and XRP, which is connected to Ripple, and Litecoin, which is referred to as “digital silver” in the cryptocurrency world are “destined to be wiped out” and are “worth $80 billion in non-Bitcoin.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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