A transaction involving crypto exchange Bithumb recently moved 100 million XRP worth over $51 million, eliciting speculations among investors. A whale address associated with Bithumb, South Korea's second-largest exchange, recently moved 100 million XRP valued at a whopping $51 million. This transaction has triggered conjecture among investors, prompting market participants to contemplate the underlying purpose behind this action. Whale Alert, a crypto-focused whale-tracking resource, drew public attention to the development in a recent tweet. Whale Alert's algorithm detected both wallets involved in the transaction as unknown addresses.  https://twitter.com/whale_alert/status/1668953196629491712 The transaction, which involved exactly 100 million XRP worth an excess of $51 million, occurred today at 12:06 (UTC). Whale Alert labels the sending and recipient addresses as unknown, but on-chain investigations suggest that they both belong to Bithumb.  Per data from Bithomp, a reliable XRP Ledger explorer, the sending address was activated by Bithumb. Following the transaction, this address holds a balance of 260.57 million XRP. The 100 million XRP transaction represents its only outflow today, as it has only been receiving thousands of XRP from other Bithumb addresses. The recipient address was also activated by Bithumb, data shows. Its balance after the transaction currently stands at 144.47 million XRP. The

100M XRP Worth $51M+ on Move in Single Transaction: Details

TheCryptoBasic

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