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.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]
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