A whale address moves a substantial amount of XRP today, coinciding with a 2% drop in prices amid the ongoing market uncertainty.
XRP, the XRP Ledger’s native token, tanked 2% as a whale moved 105 million tokens today. On-chain data shows that the transaction, which moved $58 million worth of XRP at 9:05 UTC represents the largest transfer unrelated to Ripple, in over a week.
Per the data, the sending address rsuRD…BWhA made two notable transactions this morning. The unidentified whale initially moved 2.5 million XRP ($1.3 million) to address rDrt…yS5W. The 2.5 million XRP was probably channeled to exchanges, as the receiving wallet seemed to be a selling wallet.
