Whale Alert was the buzz on social media earlier today. XRP He detected interesting data after the ETF news. Whale transactions, which took place in a short time, managed to attract great attention.
Ripple’s native token, XRP, was devastated by fake news regarding spot ETF approval. While the effects of the ongoing lawsuit with the SEC continue, the latest fake news has created even more confusion.
According to data revealed by Whale Alert, an unknown wallet named r4wf7enWPx…5XgwHh4Rzn transferred 24 million XRP to crypto exchange Bitstamp. The rapid increase in the circulating supply after the coins were transferred to a central exchange shows that this was done for the purpose of selling.
Shortly after the whale transferred his assets to Bitstamp, the price increased by 15%, triggering a rise in price contrary to expectations. This related price increase was found to be linked to a fake spot XRP ETF backed by BlackRock that appeared on the Delaware investment trust registration website.