KuCoin, a crypto exchange based in Seychelles, has ranked XRP as the second-most traded token after Bitcoin (BTC).
In the past 24 hours, XRP achieved a spot trading volume of $94 million, accounting for 11.16% of the total trading volume on the exchange.
Meanwhile, Bitcoin garnered $187 million in spot trading volume, making up 22.18% of the 24-hour trading volume. Notably, XRP was among the top five coins by weekly search popularity on KuCoin, which boasts more than 20 million users across 200 countries worldwide.
In other news, Bitcastle, a crypto exchange in Saint Vincent and the Grenadines, announced a promotion for the Bitcoin, Ethereum, and XRP communities, offering a chance for one lucky winner to win $1,000 each day until April 23.
At the time of writing, XRP’s trading value has dropped by 4.85% in the last 24 hours, trading at $0.467. The crypto market is currently experiencing profit-taking as investors react to the potential interest rate hike. The crypto market is also set to experience its third consecutive day of downturn, resulting in the liquidation of millions of dollars.
Although XRP trading volume has slightly increased by 9%, traders are watching for signals of the next market move. XRP has experienced a 13.63% decrease in April so far after recording a positive 42% surge in March.
With the current market volatility, whales are moving their assets, as evidenced by WhaleAlert’s detection of a lump sum of 119,072,730 XRP worth $56,830,113 transferring between unknown wallets in the last 24 hours.
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