Summary
- 50 million Ripple has been transferred from an anonymous address to Binance.
- Large deposits to exchanges generally lead to increased selling pressure and short-term volatility.
- Ripple is trading at 2.3138 dollars, down 20.44% from 24 hours ago.
A large amount of Ripple has been transferred to Binance.
On the 2nd (local time), Whale Alert announced on X that "50 million Ripple has been transferred from an anonymous address to Binance," stating "this is approximately worth 119.8 million dollars (about 175.6 billion KRW)."
Typically, large deposits to exchanges can lead to increased selling pressure and may cause short-term volatility.
As of 5:45 PM, Ripple is trading at 2.3138 dollars on the Binance USDT market, down 20.44% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
