XRP whale transactions decrease by 57%, price stabilizes
May 24, 2026
XRP experienced a 5.43% price drop this week, but traders are still actively withdrawing over 35 million XRP from exchanges, indicating a continued accumulation of assets despite market fluctuations. The decrease in exchange reserves by 1.29% suggests that buyers are transferring XRP off exchanges, underscoring their confidence in the asset amidst market uncertainty.
On another note, XRP users are being cautioned about daily fake wallet and airdrop scams targeting the Xaman brand. Founder Wietse Wind and Ripple CTO Emeritus David Schwartz have both issued alerts regarding the proliferation of scam accounts and fraudulent websites impersonating the Xaman wallet for XRP users. With more than 20 fake Twitter accounts and 10 deceitful domains emerging each day, users must remain vigilant and exercise caution to avoid falling victim to these malicious schemes.
In a more positive development, Infinit (IN) saw an impressive 10% surge on Upbit accompanied by a significant 500% increase in trading volume, leading to approximately 53.49 billion won in 24-hour turnover. This surge propelled Infinit to the top of Upbit’s investor sentiment rankings, achieving an ‘extreme greed’ score of 97 and indicating a bullish sentiment among investors in Korea.
Despite XRP’s recent price decline, the ongoing accumulation of assets by traders demonstrates a steadfast belief in the potential and value of the cryptocurrency. By moving XRP off exchanges, buyers are actively preserving and securing their investments amidst market fluctuations, showcasing their commitment to the asset’s long-term growth and stability.
The prevalence of fake wallet and airdrop scams targeting XRP users underscores the importance of remaining cautious and discerning when navigating the cryptocurrency space. With scam accounts and deceptive websites becoming increasingly common, users must exercise vigilance and skepticism to safeguard their assets and personal information from malicious actors seeking to exploit unsuspecting individuals.
Infinit’s impressive performance on Upbit, marked by a substantial surge in trading volume and investor sentiment, highlights the dynamic and lucrative opportunities present in the altcoin market. As investors continue to seek out high-potential assets with strong growth prospects, Infinit’s upward trajectory serves as a promising indicator of the altcoin’s viability and appeal among traders in Korea and beyond.
