Summary
- "It was announced that XRP worth 522 billion KRW was transferred from an anonymous wallet to Binance."
- "It was reported that large deposits to exchanges can typically lead to increased selling pressure."
- "Currently, XRP is trading at 1.75 USD on the Binance USDT market, down 16.22% from 24 hours ago."
A large amount of XRP has been transferred to Binance.
On the 7th (local time), Whale Alert announced on X that "200 million XRP has been transferred from an anonymous wallet to Binance," stating "This is worth 355.58 million USD (approximately 522 billion KRW)."
Typically, large deposits to exchanges can lead to increased selling pressure, which can cause short-term volatility.
As of 6:55 PM, XRP is trading at 1.75 USD on the Binance USDT market, down 16.22% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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