Blockchain platform Whale Alert, the tracker of major cryptocurrency transactions, has released two major events that took place in almost 12 hours. XRP detected the transfer. This time the amount is huge, exactly 92 million XRP!
The transfers, which took place in the form of two separate transactions, were made in the form of 20 million and then 62 million. Both transfers were made from anonymous wallets to the Bithumb exchange.
🚨 30,000,000 #XRP (18,769,817 USD) transferred from #bitumb to unknown wallethttps://t.co/peJ1OnthrW
— Whale Alert (@whale_alert) February 4, 2022
🚨 🚨 🚨 62,000,000 #XRP (38,197,237 USD) transferred from unknown wallet to #bitumbhttps://t.co/Ru1RnlOd7y
— Whale Alert (@whale_alert) February 4, 2022
If we look at the situation of XRP after the transfers, we see that it is trading at $ 0.637 with an increase of 6.06% in the last 24 hours. The cryptocurrency in question, which is behind Ripple, is ranked 8th on the CoinMarketCap best list, again one click above Terra.
Such transfers, especially in emerging market conditions, may mean selling pressure for the relevant coin. Because this transfer, which came just after BTC went above $ 40,000, makes the possibility that XRPs will be sold at a higher price a little stronger.
*Not investment advice.