Summary
- A large amount of Ripple (XRP) has been transferred to Coinbase, according to Whale Alert.
- It was reported that large deposits to exchanges could indicate increased selling pressure and short-term volatility.
- XRP is trading at a price down 13.15% from 24 hours ago.
A large amount of Ripple has been transferred to Coinbase.
On the 2nd (local time), Whale Alert announced on X that "29,532,534 XRP has been transferred from an anonymous address to Coinbase," stating that "this amounts to approximately 68.36 million dollars (about 100.2 billion won)."
Typically, large deposits to exchanges can lead to increased selling pressure and may cause short-term volatility.
As of 9:22 PM, XRP is trading at $2.4294 on the Binance USDT market, down 13.15% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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