"Withdrawal of 20 million Ripple (XRP) from Upbit to an external wallet address... Approximately 70 billion KRW"
Minseung Kang
Summary
- It was reported that 20 million Ripple (XRP) was withdrawn from the Upbit exchange to an external wallet.
- The withdrawn amount is said to be worth approximately 70 billion KRW.
- It is known that a large outflow of a specific coin increases the possibility of a price rise.
20 million Ripple (XRP) has been withdrawn from Upbit to an external wallet address. This amounts to 49.16 million USD (approximately 70 billion KRW).
According to the cryptocurrency transaction tracking site Whale Alert, at around 22:11 on the 7th, 20 million XRP was withdrawn from the Upbit exchange to an external wallet address.
It is generally known that the more a specific coin is withdrawn from a cryptocurrency exchange, the higher the possibility of the coin's price rising.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
