- XRP beats other top altcoins on Kraken
- Massive XRP redistribution underway
Major U.S.-based cryptocurrency exchange Kraken has published a list of its top six most popular cryptos among customers. XRP is among those six, surpassing Solana and Binance Coin in this metric.
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XRP beats other top altcoins on Kraken
According to a recent X post published by U.S.-based Kraken crypto trading platform, XRP now brags about getting on the top six list of most popular coins on it.
While the first two places are traditionally occupied by Bitcoin and Ethereum, XRP follows ETH, getting ahead of such prominent assets as BNB and SOL.
Massive XRP redistribution underway
According to data shared by CoinGecko and CryptoQuant this week, whale XRP flows have recently shifted into the negative area. A similar picture was to be observed at the start of the year, when XRP hit a local high and whales started to lock in their profits, initiating a massive XRP distribution.
Another positive thing is that XRP open interest (OI), a metric that measures the total value of outstanding XRP futures and options contracts, has soared to $8.11 billion, representing a substantial increase recently.
Meanwhile, after a 6% price jump this week, XRP has managed to reclaim the briefly lost $3 level and is currently trading there.