Summary
- Ripple (XRP) was deposited in large quantities, amounting to approximately 82.2 billion KRW.
- Such large-scale deposits can lead to an increase in selling pressure.
- It was reported that this could be a factor increasing short-term volatility.
A large amount of Ripple (XRP) has been deposited.
According to Whale Alert, a cryptocurrency transaction tracking site, 23.75 million XRP was deposited into an exchange at 14:34 on the 2nd. This amounts to approximately 56.81 million dollars (about 82.2 billion KRW).
Typically, large-scale deposits in exchanges can lead to an increase in selling pressure, which may cause short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
