As a seasoned crypto investor with a keen interest in XRP and a deep appreciation for the nuances of the blockchain world, I find myself both intrigued and cautiously optimistic upon reading the latest news from Whale Alert. The sudden movement of 136 million XRP, worth around $220 million, within just three hours has piqued my curiosity.
As a researcher studying the cryptocurrency market, I’ve come across some intriguing news from Whale Alert, a renowned blockchain tracker. In the past twenty hours, a significant transfer of XRP tokens took place, with approximately 136 million coins being moved.
Significantly, over an impressive sum of cryptocurrency changed hands in just three hours, split amongst four sizeable transfers. A large portion of these funds were withdrawn from Binance, the leading cryptocurrency exchange, by unidentified wallets.
Last weekend, the value of XRP, the seventh largest cryptocurrency, dropped by over 7%, but it subsequently regained 3.52% of those losses. Remarkably, over the past week, XRP experienced a significant surge, increasing by approximately 26%.
136 million XRP on the move
Based on the information provided by Whale Alert, three separate transactions were made anonymously, withdrawing large amounts of XRP from Binance. The first transaction moved 33,839,894 XRP, followed by two identical transfers of 35,937,321 XRP each. These transactions are valued at approximately $20 million per transfer.
Thus, the enigmatic whales have withdrawn roughly $110 million worth of crypto to their wallet.
As a researcher studying the cryptocurrency market, I’ve noticed an intriguing development. Recently, an amount equivalent to 28,070,000 XRP, worth approximately $14,936,884, was deposited into Bitstamp, a prominent cryptocurrency trading platform. This data, kindly provided by Whale Alert, underscores the heightened activity of whales in the market – large-scale investors known for their significant transactions that can influence price movements.
Ripple CEO celebrates 1-year XRP-not-security verdict anniversary
Over the weekend, Brad Garlinghouse, CEO of Ripple, reflected on the anniversary of a significant event in a post on his XRP account. This moment held great importance not just for Ripple and its extensive following, but also for the entire cryptocurrency sector.
On July 13, 2023, Judge Analisa Torres made a significant ruling in court: XRP was determined not to be classified as a security when it comes to transactions on secondary markets. Brad Garlinghouse, CEO of Ripple, celebrated this triumphant moment in Ripple’s ongoing legal battle against the Securities and Exchange Commission (SEC) by tweeting that it would forever hold a special place in his memory.
The XRP price momentarily rose to $0.7 but quickly reverted back to its initial value. Currently, XRP, which is linked to Ripple, is being traded at approximately $0.53192.
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2024-07-15 15:50