Deposited 23.75 million Ripple (XRP)... Approximately 82.2 billion KRW in size

Minseung Kang

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.

XRP

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

Deposited 23.75 million Ripple (XRP)... Approximately 82.2 billion KRW in size

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