Blockchain tracker Whale Alert reported two significant XRP transfers, each worth around $13.5 million, from Binance to unknown wallets.
In total, 45.6 million XRP, valued at $27.1 million, were moved by two anonymous whales.
These large withdrawals suggest a resurgence in XRP buying activity by major investors.
🚨 22,814,856 #XRP (13,616,393 USD) transferred from #Binance to unknown wallethttps://t.co/OVkQVzqfCa
— Whale Alert (@whale_alert) July 26, 2024
🚨 22,891,710 #XRP (13,531,863 USD) transferred from #Binance to unknown wallethttps://t.co/dP9Wynkrdg
— Whale Alert (@whale_alert) July 26, 2024
However, data from XRP explorer Bithomp indicates that the recipient wallets are also associated with Binance, implying that these transactions were internal fund transfers within the exchange.
Meanwhile, XRP, the seventh-largest cryptocurrency by market capitalization, remains stable around $0.60155, showing little movement over the past week.
XRP’s price experienced fluctuations, peaking at $0.63 and then dropping to $0.54 before climbing back to $0.62.
Ripple Chairman Chris Larsen has recently moved 20 million XRP as part of a larger shuffle involving 50 million tokens.
Crypto-focused travel booking platform Travala has announced its integration with Solana, the fourth-largest blockchain by market cap, marking its third network addition after Ethereum and BNB Chain. CEO Juan Otero revealed this development during a panel at Solana Breakpoint in Singapore.
Crypto analyst Ali Martinez has indicated that an altseason may be imminent, a phase where alternative cryptocurrencies outperform Bitcoin.
The Pyth Network has introduced Oracle Integrity Staking (OIS), a feature designed to enhance accountability among data sources by implementing staking rewards and penalties.