Summary
- A large amount of XRP has been transferred to Bybit, potentially leading to increased selling pressure.
- The transfer, worth approximately $128.78 million, could increase short-term market volatility.
- XRP is trading 5.14% lower on Binance's USDT market compared to 24 hours ago.
A large amount of Ripple (XRP) has been transferred to Bybit.
On the 24th (local time), Whale Alert announced via X that "51,999,999 XRP was transferred from an anonymous address to Bybit," noting that "this amounts to approximately $128.78 million."
Typically, large deposits to exchanges can lead to increased selling pressure and may cause short-term volatility.
As of 7:36 PM, XRP is trading at $2.44 on Binance's USDT market, down 5.14% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
