XRP Whales Make Bold Moves with $23M Transfer as Buying Spree Intensifies

The cryptocurrency market has been on the rise recently, with XRP investors also eyeing significant price increases.

In response, large XRP holders have started making noticeable moves. A crypto monitoring service, Whale Alert, highlighted a significant transaction involving one of these prominent investors.

According to Whale Alert, 40 million XRP tokens, valued at roughly $23.3 million, were transferred from the Bybit exchange to a private wallet.

This transaction is believed to signal bullish momentum for XRP and comes as part of a broader buying trend among large-scale investors.

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Another recent transaction involved 30 million XRP tokens being moved, suggesting that these traders are optimistic about the coin’s future potential.

CryptoQuant, a data analytics firm, noted that approximately 71 million XRP tokens were pulled from exchanges on September 26, followed by an additional 55 million tokens withdrawn the following day, underscoring the ongoing accumulation by investors.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.