‼️‼️_WHALE DUMP ROCKS XRP MARKET_‼️‼️
_MASSIVE TRANSACTIONS SPOTTED_
A whopping 71 million XRP coins, worth $31.29 million, were shifted to two exchanges in a couple of transactions.
_WHALE ADDRESS IDENTIFIED_
The whale address, ...Rzn, was recorded as shifting the abovementioned amount.
_TRANSACTION BREAKDOWN_
- 35.8 million coins, worth $15.80 million, transferred to Bitso (Mexico City-based CEX)
- 35.1 million coins, worth $15.49 million, transferred to Bitstamp (Luxembourg city-based CEX)
_NO HOLDING BACK_
The whale dump has put immense selling pressure on XRP, causing its value to plummet.
_MARKET IMPACT_
XRP's price is feeling the strain as the bearish market struggles to absorb the massive dump.
_INVESTORS CAUTIONED_
The repeated dumps by the same whale address have sparked fears of a continued downturn in XRP's price.
