Within the past 8 hours, Whale Alert’s well-known blockchain monitoring tool identified two large XRP transactions carried out by whales. One of these transactions involved transferring XRP from Binance, the leading cryptocurrency exchange, into an untraceable digital wallet.
When the XRP price made an effort to bounce back and recover some of its previous market declines.
27.5 million XRP leave Binance, 100 million XRP change hands
Approximately 27,525,205 XRP were observed leaving Binance’s exchange and transferring to an unidentified wallet. This transaction may appear as accumulation during a positive XRP price trend. However, information from XRP explorer Bithomp reveals that the receiving address is actually linked to Binance itself. Consequently, this action was not a purchase followed by a withdrawal but instead, Binance shifting its XRP assets into different wallets.
Inter Interestingly, the second large transfer of XRP, amounting to 100 million units, occurred between two unidentified wallets connected to the Binance platform.
In other words, this interaction resulted in a total of 127,525,205 XRP being transferred between the two transactions, which is approximately equal to $68 million in US dollars.
XRP price performance
Starting on Friday, the seventh largest cryptocurrency experienced a significant surge, rising by 12.64% and climbing from a price of $0.4774 to $0.5573. Following this impressive gain, there was a minor dip resulting in a decline of approximately 1%.
At the time of this writing, XRP is changing hands at $0.5333.
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2024-04-22 17:03