<ul class="wp-block-list news-points">
 <li><strong>33 million XRP valued at $19.73 million transferred to Binance.</strong></li>
 <li><strong>This follows a series of earlier movements from exchanges.</strong></li>
 <li><strong>Market speculation grows as XRP experiences significant transfers.</strong></li>
</ul>
<p>A significant transfer of 33 million XRP, worth roughly $19.73 million, happened on the XRP Ledger earlier today, occurring at the same time as an ongoing correction in XRP’s price. Blockchain transaction monitoring service Whale Alert <a href="https://x.com/whale_alert/status/1826153296811147542?t=kOe7zGbriOeiMKiPt5-KZA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">flagged the transfer</a> in an X post.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 33,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> (19,734,848 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a><a href="https://t.co/FYFeDRTOuq" target="_blank" rel="noopener noreferrer nofollow">https://t.co/FYFeDRTOuq</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1826153296811147542?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 21, 2024</a>
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<p>The transfer, which took place at 07:04:02 UTC, moved the substantial amount from an unknown wallet to Binance, the world’s largest cryptocurrency exchange. This transaction is the latest in a series of large XRP movements that caught investors’ attention since this month.</p>
<p>The reason for the transfer remains a mystery, leaving market watchers to wonder whether the move was intended for immediate trading or other strategic reasons. This comes after a string of large XRP movements in August.</p>
<p>Previously, 25 million XRP, valued at $15 million, was <a href="https://x.com/whale_alert/status/1825977758855426245" target="_blank" rel="noopener noreferrer nofollow">transfe…</a></p>
<p>The post <a href="https://coinedition.com/xrp-whales-on-the-move-33m-coins-transferred-to-binance-as-price-drops/" rel="noopener noreferrer nofollow">XRP Whales on the Move: 33M Coins Transferred to Binance as Price Drops</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

XRP Whales on the Move: 33M Coins Transferred to Binance as Price Drops

Coin Edition

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