Millions of XRP transfer shakes Bithumb, market turmoil reignites!
At the beginning of the new year, XRP experienced an astonishing transfer—30 million XRP flowed into the South Korean exchange Bithumb, worth about 64.03 million USD! This huge transfer has attracted widespread attention in the market and has led to speculation within the XRP community: does this mean that large holders are considering selling their tokens?
However, it is worth noting that this transfer came from an unknown address 'rPyCQ' and occurred on the South Korean exchange Bithumb—which has always been a major trading hub for XRP. Some believe this is an internal operation of Bithumb, merely a transfer between the exchange's own wallets, and does not directly impact market quotes. Nevertheless, it still brings a lot of uncertainty to the market, especially at a time when XRP is facing regulatory pressure.
Market reaction: Regardless of whether it is an internal transfer or not, such large-scale transfers could trigger short-term fluctuations. The trend of XRP remains full of variables, and investors need to closely monitor the subsequent impacts of this event.
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