XRP recently overtook ADA to secure the much-coveted position.
XRP has overtaken Cardano (ADA) to become the most traded token among the top 100 whales on the Binance Smart Chain (BSC) network. The development comes shortly after XRP finally recaptured the price point at $0.41 for the first time since last November.
WhaleStats, a blockchain-based whale tracking platform, recently called attention to the achievement. “JUST IN: XRP flipped ADA for MOST TRADED token among top 100 BSC whales,” WhaleStats disclosed through its Twitter handle.
Check the top 100 whales here: https://t.co/0SYnjw0xQs
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) January 20, 2023
Further insight from its official website reveals that XRP also sits among the top 10 most traded assets by the 100 largest BSC whales in the past 7 days, securing the eighth position and towering over assets such as Bitcoin Cash (BCH) and Dai (DAI). The asset is also in the eighth position of the top 10 most purchased tokens by these whales, with an average purchase amount of $15.
Additionally, XRP’s smart contracts represent some of the most used in the past 24 hours, contributing to 0.55% of the total smart contracts that had been interacted with. Moreover, XRP accounts for 2.42% of the total holdings of the 100 largest BSC whales (excluding BNB), with an estimate of $27.8M worth of XRP found in their cumulative balance.
These metrics suggest an uptick in investors’ interest, as XRP recently reclaimed the lofty price point at $0.41 amid the market-wide rally dominant in the scene. The asset is also among the most traded tokens on Binance, sitting in the seventh position, with a 24-hour trade volume of 59.28M.
In addition to its recent price movements, developments surrounding the Ripple case have been generally favorable. Ripple CEO Brad Garlinghouse noted that he believes a final ruling will come in before the second half of this year, expressing confidence in a favorable outcome. Attorney John Deaton also recently explained how Judge Torres could give Ripple the win.
XRP Price Movements
Meanwhile, XRP printed a winning candle for the second consecutive day yesterday following a 2.22% decline on Wednesday. The asset closed yesterday with a 5.12% increase, reaching a high of $0.4114 for the first time since November 30, last year.
Despite a slight retracement, XRP maintains a delicate position above $0.41, currently changing hands at $0.4102 as of press time. With a rise above the $0.4045 pivot, XRP is looking to conquer the first crucial resistance point at $0.4229 which, if captured, could be the asset’s launchpad to the $0.43 zone.