Millions Of XRP Exit Major Exchange As XRP Price Goes Up
A significant transfer of 18.73 million XRP, valued at $11.26 million, occurred on Binance, causing shockwaves across the market.
The transaction, detected by Whale Alert, held 35.4 million XRP tokens. Such withdrawals often signal strategic accumulation or asset transfer, suggesting bullish sentiment among investors.
However, movements of tokens toward exchanges typically indicate a readiness to sell, adding extra intrigue.
XRP has maintained a steady trajectory, currently trading at $0.6, marking a 1.69% increase from the opening price.
The question remains how this massive withdrawal will affect the price of the popular token, with some anticipating a surge in value due to reduced supply, while others remain cautious due to potential market manipulation or insider trading.
(With inputs from Shikha Singh)
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