Summary
- Whale Alert reported that about 94.7 million XRP were deposited to Binance.
- This deposit amounted to about $217.17 million (about 316 billion won).
- Large-scale deposits to exchanges may lead to short-term selling pressure and increased volatility.
About 94.7 million XRP were deposited to global crypto exchange Binance.
On the 14th, according to crypto transaction tracking account Whale Alert, at around 17:26 an anonymous wallet address transferred 94,699,869 XRP to Binance. This amount is about $217.17 million (about 316 billion won).
Typically, large-scale deposits to exchanges can act as a factor that expands short-term selling pressure, which may increase short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)