Upcoming Sologenic Airdrop Triggers XRP Price; Whales Shifting XRP
During this market crash, many crypto tokens were experiencing a bearish pattern while few altcoins presented their potential with bull run. Within the last week, XRP price has surged over 12% despite the losses suffered by the bulk of crypto coins. Significantly, whales have shifted 449.3 million XRP on December 19, according to Whale Alert.
Consequently, XRP holders are expecting an airdrop for the upcoming project Sologenic. Resulting to this, XRP is in hype among the crypto market creating a buzz. Moreover, Whales are shifting millions of XRP where Whale alert has caught two transactions that totals 449.3 million XRP.
At the time of writing, XRP was trading at $0.89, with a gain of nearly 12% within a week. Besides, XRP has soared to 54% year-to-date and captured its position in top 10 cryptocurrencies. Significantly, XRP’s current price is still 74% lower than its all-time high which was achieved four years ago. The top exchanges where XRP is available to trade are Binance, OKEx, FTX, CoinTiger, and Huobi Global.
Whale Alert has detected the transfer of 17,700,000 XRP worth $15 million from Bitso to an unknown wallet. The bot also detected a transfer of $20,000,000 from Bithumb to an unidentified wallet. Other XRP trades seen by the whale processor included 20,000,000 XRP to Coinsph and 20,000,000 XRP to Bitso.
Airdrop Of SOLO Token Flashes
Most of the crypto market knows that XRP is one of the promising projects which has more future plans to enhance its network. Additionally, most expect an airdrop for the upcoming Sologenic project which will cause a demand for XRP. Sologenic, a company that uses XRP, proposes to distribute SOLO tokens to XRP holders. Moreover, whales are shifting huge amounts of XRP tokens as people expect a $500million airdrop.
By narrowing the gap between traditional financial markets and cryptocurrencies, the initiative hopes to “become the most important blockchain-based project in the world”. Besides, SOLO is tradable on the project’s decentralized exchange and according to Sologenic, a total of 400,000,000 SOLO will be available. In addition, Sologenic uses SOLO tokens to make trades and provide liquidity. SOLO coins are issued on the XRP Ledger, enabling for near-instant liquidity transfers.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
