Millions

Elon Musk

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-transfer-millions-of-xrp-coins/" data-wpel-link="internal">Whales Transfer Millions of XRP Coins</a><br></p>
<p style="text-align: justify">One of the largest cryptocurrencies by market value, <strong><a href="https://en.coin-turk.com/sec-chairman-discusses-eth-etf-and-crypto-regulations/" data-wpel-link="internal">XRP</a></strong>, has recently become the focus of attention due to significant whale activities and increased activity in the derivatives market. On July 24, on-chain data revealed that whales transferred approximately 77 million XRP coins in a single day. This movement coincided with the upcoming closed-door meeting of the U.S. Securities and Exchange Commission (SEC), leading to widespread investor speculation about XRP’s future.</p> 
<h2 style="text-align: justify" id="whales-transferred-millions-of-xrp">Whales Transferred Millions of XRP</h2> 
<p style="text-align: justify">Transaction tracker Whale Alert reported that whale accounts moved 77.57 million XRP. Among these transactions, a whale address rarG6FaeYh accumulated 23.28 million XRP worth approximately $13.90 million from the major exchange Binance. Meanwhile, another significant whale address, identified as ‘..Rzn’, shifted 54.29 million XRP worth $32.30 million to the Bitstamp and Bitso exchanges in two separate transactions.</p> 
<p style="text-align: justify">Expectations regarding the SEC’s closed-door meeting on July 25 are increasing market curiosity. It is said that this meeting will also include discussions related to Ripple, the company behind XRP. The global cryptocurrency community is eagerly awaiting the outcome, hoping for a resolution to the long-standing Ripple and SEC lawsuit. An optimistic result could potentially lead to a positive increase in XRP’s value.</p> 
<h2 style="text-align: justify" id="xrp-s-situation-in-the-derivatives-market">XRP’s Situation in the Derivatives Market</h2> 
<p style="text-align: justify">Meanwhile, the derivatives market for XRP indicated significant activity, showing strong investor interest. As of the latest data, XRP’s price was trading at $0.62, a 2.57% increase. The cryptocurrency’s 24-hour trading range saw a low of $0.5843 and a high of $0.6297.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-373487 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/xrp-14.png" alt="" width="768" height="215"></p> 
<p style="text-align: justify">Open interest in XRP futures contracts also showed a sharp increase, reaching $796.75 million, highlighting the growing interest from <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. The trading volume in the derivatives market similarly increased, reaching $2.21 billion. Additionally, open interest (OI) in the hourly and 4-hour charts increased by 2.55% and 7.21%, respectively, reflecting the bullish sentiment among market participants.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-373486 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/xrp-13.png" alt="" width="585" height="638"></p> 
<p style="text-align: justify">In other news related to XRP, a report from XRPScan dispelled rumors that <strong><a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">Elon Musk</a></strong> owned any XRP. This statement was significant enough to ignite discussions within the crypto community, emphasizing the impact of prominent figures on market perceptions and movements.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/whales-transfer-millions-of-xrp-coins/" data-wpel-link="internal">Whales Transfer Millions of XRP Coins</a></h5>

Whales Transfer Millions of XRP Coins

目次

COINTURK NEWS

2024年7月24日公開の他の記事

5 Best Crypto to Buy Now for Next Bull Run – Must-Have New Cryptos for July’s Investment Boom

Bitcoin’s Explosive Rally Imminent? Key Indicator Flashes Rare Buy Signal

Coinbase Seeks Court Order for SEC Document Disclosure in Crypto Lawsuit

Coinbase CEO Brian Armstrong Is No Longer a Member of the Giving Pledge: Report

Tesla Reports Q2 Earnings, Maintains Bitcoin Holdings

US Dollar’s Decline Predicted by Peter Brandt: Could Bitcoin Be the Alternative?

ニュースレターを購読して暗号資産の最新情報を毎日入手！