Whale Alert recently detected that an unknown wallet transferred a large amount of Ripple (XRP) tokens on the Bitstamp exchange.
More than 28 million XRP tokens were transferred to Bitstamp in the transfer that took place earlier today. The total value of the tokens issued from an unknown wallet named r4wf7enWPx…5XgwHh4Rzn is around 15.6 million dollars.
As we reported as Koinfinans.com, the same wallet also transferred a large amount of XRP tokens to Bitstamp and Bitvavo exchanges, transferring more than 50 million tokens. At the time of this writing, the wallet has transferred more than 78 million tokens to centralized exchanges.
These transfers to centralized exchanges indicate that the market is exhibiting a bearish sentiment revolving around XRP tokens. In addition, a series of transactions by the unknown wallet r4wf7enWPx…5XgwHh4Rzn indicate that there may be a possible sale of tokens, which could lead to a drop in the price of the altcoin.
XRP price It increased during the day and increased its weekly gain by increasing by 10% on average to $ 0.6957. The gradual increase in XRP price seems to be in line with recent progress made by the community to build support for the token.
Despite whales dumping XRP tokens onto centralized exchanges, the possible sentiment of a bearish market continues to fade. Even though massive whale transfers of over 78 million XRP have been made to date, investors and traders continue to monitor the token as its performance in the broader market still remains the subject of speculation.
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