2024

Million

April

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As revealed thanks to a report from&nbsp;<a href="https://x.com/whale_alert/status/1780224781461147704" rel="noopener noreferrer nofollow">Whale Alert</a>, over 33.33 million XRP left the world's largest crypto exchange, Binance, in an unknown direction over an hour ago for an unknown destination.&nbsp;
Diving into the details of the transfer, it appears that XRP tokens worth a combined value of $16.28 million were withdrawn from the address identified as the&nbsp;<a href="https://u.today/binance-coin-bnb-price-prediction-for-april-13" rel="noopener noreferrer nofollow">Binance</a> address to the address "rhWj9." The latter is known, according to the Bithomp explorer, to have been activated earlier this year, with a transfer of nearly 4.17 million&nbsp;<a href="https://u.today/xrp-to-drop-below-05-prices-unexpected-move" rel="noopener noreferrer nofollow">XRP,</a> also from Binance.
<blockquote>
 🚨 33,333,329 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (16,280,840 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> to unknown wallet<a href="https://t.co/gMDUEtuiWW" rel="noopener noreferrer nofollow">https://t.co/gMDUEtuiWW</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1780224781461147704?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 16, 2024</a>
</blockquote>
However, there is no concrete information about the owner of this wallet. After the latest transfer was made to the account, some of the XRP tokens were further distributed to a number of other platforms, including Stake, Bithumb and Upbit. Interestingly, the latter two are the top crypto exchanges in South Korea. At the moment, just under 32 million XRP remain at the "rhWj9" address.
<h2 dir="ltr" id="xrp-price-outlook">XRP price outlook</h2>
As millions of XRP move between exchanges and unknown addresses, the price of the seventh largest cryptocurrency is experiencing significant price fluctuations. After a 30% drop since Friday and a further 23% rebound, XRP has been under renewed selling pressure for the past two days and, as a result, is now quoted at less than half a dollar per token at $0.49.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="fbeff9d5-cde8-4eed-89b4-d084162ea13d" src="https://u.today/sites/default/files/inline-images/xrpprice_7.png">XRP to USD by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
While conventional wisdom often views withdrawals from exchanges as a bullish indicator, the true impact on&nbsp;<a href="https://u.today/xrp-to-drop-below-05-prices-unexpected-move" rel="noopener noreferrer nofollow">XRP's price</a> trajectory remains shrouded in speculation. Only time will unveil the cryptic intentions behind this mysterious whale activity and its influence on the market.

33.33 Million XRP Mysteriously Departs Major Exchange for Enigmatic Whale

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