While most crypto whales decided to keep their assets in cold or hot wallets rather than exchanges, this XRP whale moved large sums of funds to Binance and immediately disposed of it. Here is the last move of the giant altcoin whale…
Altcoin whale carries 40 billion Ripple (XRP)
According to the on-chain event, an anonymous wallet ending in “kskkhi” moved 40 million tokens to a wallet owned by the Binance central exchange. This wallet, which is currently a mystery, holds approximately 13 million XRP. The wallet received 40 million tokens just a day before a major transaction from another unknown wallet holding a large amount of XRP. You can take a brief look at the details of the process before continuing:
The exchange between the whales was completely anonymous, and no claims were made by on-chain analysts. The second wallet, which initially sent 40 million XRP to the wallet selling on Binance, currently holds 156 million XRP. The larger wallet may be linked to another centralized exchange as it constantly receives large numbers of funds, including 40 million XRP. According to analysts, the rapid disposal of coins on the Binance exchange could lead to a rapid withdrawal of XRP, which is moving with a profit of 2.5% today.
Binance’s current daily XRP volume is 156 million tokens. The amount traded represents about 25% of the current daily trading volume on the exchange. At the time of writing, XRP is trading at $0.9748, accompanying the market overall with 5.58%. cryptocoin.com As we reported, Ripple experienced a strong recovery, falling below the $0.90 zone and then rising to $0.96 in one day.
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