2024

Millions

when

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<p lang="en-GB" xml:lang="en-GB">Prominent blockchain tracking bot Whale Alert has noticed two massive <a href="https://u.today/xrp-skyrockets-10-heres-next-major-target-to-watch">XRP</a> transfers made by whales over the last eight hours. One of them was withdrawn from the largest cryptocurrency trading platform, Binance, to an anonymous wallet.</p>
<p lang="en-GB" xml:lang="en-GB">This happened when the XRP price undertook an attempt to surge and pare its recent losses suffered on the market.</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 27,525,205 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (14,646,652 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> to unknown wallet<a href="https://t.co/aTlGRxQPiO">https://t.co/aTlGRxQPiO</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1782348730168963562?ref_src=twsrc%5Etfw">April 22, 2024</a>
</blockquote> 
<h2 id="27-5-million-xrp-leave-binance-100-million-xrp-change-hands">27.5 million XRP leave Binance, 100 million XRP change hands</h2>
<p lang="en-GB" xml:lang="en-GB">A total of 27,525,205 XRP were noticed leaving the <a href="https://u.today/binance-ex-ceo-shares-hot-take-on-bitcoin-halving">Binance exchange</a> and landing in an unknown wallet, which may certainly look like accumulation amid a favorable XRP price opportunity. However, data disclosed by XRP explorer Bithomp shows that the receiving address also belongs to Binance. Therefore, rather than a purchase and a withdrawal, this now becomes Binance reshuffling its XRP holdings and moving them to separate wallet.</p>
<p lang="en-GB" xml:lang="en-GB">Curiously, the second major cryptocurrency transfer, which carried 100,000,000 XRP from one anonymous wallet to another, was also made between two wallets linked to Binance.&nbsp;</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 🚨 🚨 100,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (53,477,708 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/HvqqMlsxZB">https://t.co/HvqqMlsxZB</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1782259729885974940?ref_src=twsrc%5Etfw">April 22, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">Thus, it was this exchange that made both transactions mentioned above, which carried 127,525,205 XRP cumulatively. This amount of crypto is estimated at $68,000,000 in fiat.</p>
<h2 id="xrp-price-performance">XRP price performance</h2>
<p lang="en-GB" xml:lang="en-GB">Since last Friday, the seventh largest cryptocurrency has spiked, staging an increase of 12.64% and soaring from the $0.4774 to the $0.5573 level. However, the impressive rise was followed by a decline of slightly less than 1%.</p>
<p lang="en-GB" xml:lang="en-GB">At the time of this writing, XRP is changing hands at $0.5333.</p>

Binance Injects Millions of XRP into Mysterious Wallet at Good Price Opportunity

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