Investing.com - Financial Markets Worldwide
⛔ Stop guessing ⛔ Use our free stock screener to find new opportunities fast Try Free Screener

Anon Whale Moves 350,000,000 XRP From Binance to an Anon Wallet

Published 2022-11-16, 07:40 a/m
Anon Whale Moves 350,000,000 XRP From Binance to an Anon Wallet
XRP/USD
-

  • Anonymous whale moved 350,000,000 XRP from Binance.
  • The estimated worth of the XRP moved is $133 million.
  • The details were shared by whale tracker Whale Alert.

XRP whales seem to be on the move as 350,000,000 XRP has been transferred from Binance to another wallet. As per the data from whale tracker Whale Alert, the value of the XRP moved is currently $133 million. The transaction happened exactly on November 16, 2022, at 03:48:21 UTC.

The anonymous whale that moved the XRP currently holds 1.32 billion XRP on Binance. The estimated value of the holdings is $507 million. The anonymous wallet to which the whale sent XRP currently holds 213 million XRP, which is worth over $82 million.

The Binance wallet that conducted the transaction had an inflow of 1.2 billion XRP on November 15. The influx of XRP appears unusual at a time when users are withdrawing funds from exchanges. As per the details from Coinglass, over the last seven days, 160,630 BTC have moved off of exchanges.

As per the transaction details from its on-chain activity, the whale was not very active before November 15. The last transaction before this date happened on August 17, which was an inflow of 295 million XRP.

The price of XRP continues to be stable as Ripple supporters, whales, holders, and cryptocurrency investors wait for the summary judgment in the XRP lawsuit. XRP is currently trading at $0.382, with little movement in the last 24 hours.

Whale sell-offs typically cause significant market commotion and have a bearish impact on price. The whale movement, however, might also be an effort by participants to stir up a market wave and boost short-term price movement. However, the 350 million XRP movement hasn’t affected the price of XRP.

The post Anon Whale Moves 350,000,000 XRP From Binance to an Anon Wallet appeared first on Coin Edition.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.