XRP ledger sets a new record on Friday

XRP ledger sets a new record on Friday as XRP reported via a tweet that one of the ‘XRPL Punks’ sold for 108,900 XRP, equal to $44,000 at the time the transaction pulled through.

XRP ledger made history on 25th November 2022 by setting a new record for the highest NFT purchase on the network. According to an announcement on Twitter by onXRP, an XRP-based modular ecosystem, the transaction resulted in a 108,900 XRP sale of one of the Non-Fungible Tokens on the XRPL Punk collection. The amount of XRP involved in the transaction was equal to $44,000 at the time of the transaction making this the highest sale on the network.

Although XRPL may seem to be performing well, the price of the XRP has been on a steady plunge to lows last seen in January 2021, before the onset of the November 2021 Bull Run. The token price is moving in sync with the current bearish sentiment devouring crypto prices, which has wiped out more than 2 trillion dollars worth of the whole market valuation.