Delta

Million

Coin

<ul class="news-points"> 
 <li>Post-hack, XRP’s CVD plummeted, signaling a massive sell-off of nearly 100M tokens, mainly on Binance and OKX, raising security concerns.</li> 
 <li>ZachXBT’s hack revelation led to a market shift, with significant BTC withdrawals linked to the stolen XRP totaling $73.3M.</li> 
 <li>The Ripple co-founder’s wallet hack underscores the critical need for enhanced security and transparency in the cryptocurrency market.</li> 
</ul> 
Following a cybersecurity breach that affected Ripple’s co-founder, Chris Larsen, the cryptocurrency market saw a notable downturn in the trading of <a href="https://coinedition.com/ripple-unlocked-600m-xrp-but-re-locks-800m-heres-why/?utm_source=telegram_channel&amp;utm_medium=referral">XRP tokens</a>. The market analytics provider Kaiko unveiled data highlighting a considerable drop in the Cumulative Volume Delta (CVD) for XRP.&nbsp; 
This metric gauges the aggregated buy and sell activities on cryptocurrency exchanges, underscoring a stark sell-off, predominantly on Binance and OKX. The sell-off, involving nearly 100 million XRP tokens, may have been in part triggered by the hack and prompted widespread concern regarding the safety of digital assets within the crypto ecosystem. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4cc.png" alt="📌" class="wp-smiley" style="height: 1em; max-height: 1em;">Ripple’s <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a> Cumulative Volume Delta (CVD) – a measure of net buying and selling – showed a net sell off of nearly 100mn XRP, p…
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The post <a href="https://coinedition.com/how-a-cybersecurity-breach-triggered-a-100-million-xrp-sell-off/">How a Cybersecurity Breach Triggered a 100 Million XRP Sell-Off</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

How a Cybersecurity Breach Triggered a 100 Million XRP Sell-Off

Coin Edition

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