XRP Whale Activity Rises With $23.3 Million Transfer, Market To Rally?
#XRP whales have intensified their market activities with a massive transfer of 40 million XRP tokens, valued at around $23.3 million, from Bybit to a private wallet. This significant movement, reported by the crypto tracking service Whale Alert, highlights a growing trend among XRP whales. Such activities often signal a strategic positioning by these investors, possibly in anticipation of market shifts.
#XRP Whalesâ Massive -Transfer of 40M XRP Tokens Sparks Market Excitement
According to WhaleAlert, the transfer of 40 million XRP tokens from the crypto exchange Bybit to a private wallet indicates significant market activity by large-scale holders. The transfer, estimated to be worth approximately $23.3 million, suggests a bullish outlook by the investor.
Further data from CryptoQuant underscores the scale of these transactions, with a reported 71 million XRP tokens withdrawn from various crypto exchanges on September 26. This pattern of large withdrawals and transfers indicates a possible preparation for price movements as these major players adjust positions.
Additionally, earlier this (week), following the actions of Ripple co-founder Chris Larsen who offloaded a significant amount of XRP, the market observed an even larger transaction by "whales. Notably, XRP whales moved approximately 430 million coins across various platforms.
