Notable occurrence in the cryptocurrency sphere: A significant amount of 390.87 million XRP tokens, equivalent to around $201.1 million, were transferred today to Bithumb, South Korea’s second-largest crypto exchange. This transaction was revealed by Whale Alert and saw the tokens shifting from the wallet identified as “rDxfh” to Bithumb’s wallet labeled as “rrsSU”.
Upon closer examination of the transaction history, it is discovered that the sender’s account is connected to Bithumb and has been active for over four years. Shortly after this transaction, the sender’s account balance dropped to a small amount of 19.99 XRP, while the recipient now holds an impressive 553.17 million XRP.
XRP experiencing a significant surge in trading matches its position as the third most traded token on Bithumb, accounting for 7.44% of the exchange’s $941 million daily transactions. Only Bitcoin (BTC) and USDT have greater trading volumes.
Half a dollar XRP
Significantly, this deal unfolds amidst recent market volatility, causing XRP‘s price to plummet to $0.4188, only to rebound remarkably. With increased buying from Korean investors and substantial transfers of XRP taking place, there is great anticipation among traders to see where XRP’s price goes next.
When investors and traders look at the large shift in XRP, they begin to consider how this might influence market behavior and investor attitudes.
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2024-04-15 15:03