😱🦈🦈XRP Whales Move 333M Coins Amid Price Flux, Is A Bull Run Possible?
#XRP , a cryptocurrency backed by Ripple Labs, attracted a lot of interest among crypto market participants today, on May 20, when whales stirred up a significant amount of crypto between exchanges. The whale transaction, which occurred in the midst of the extremely turbulent price movement witnessed by $XRP , ignited excitement among crypto market participants who are watching the token for potential gains.Dec.
The transactions added to particularly mixed market sentiment, as they pointed to the future price movement of the token, accumulation and decline. Also, in the middle of this history, a famous crypto market analyst predicted an upcoming bull run for the Ripple-backed token.
Whale Transactions Ignite Market Frenzy
According to the in-chain data disclosed by Whale Alert, a staggering 333 million XRP has been transferred through several transactions in the last 24 hours.
Among these transactions, 33 million XRP, worth $ 16.76 million, was moved to Bitstamp by the famous XRP whale ...Rzn.Dec. In particular, this whale's dumping of XRP on Bitstamp and Bitso appeared as a recurring phenomenon in the crypto world after Ripple bought shares on the exchange in question. numerous reports prepared draw attention to the fact that the aforementioned whale has been making repeated deposits to Bitstamp for some time.
On the other hand, another unknown address, R99QSEJ, has accumulated 250 million XRP worth $ 129 million from the Japanese exchange Coincheck. The unknown address rP4X2hTa7A received 50 million XRP worth $ 25.69 million from Ripple.
October May 20 (Upi)-- Collectively, the massive increase in whale activity today has given rise to additional speculation as the parties in the Ripple and U.S. SEC case are set to submit letter briefings against multi-purpose letter motions today.
Meanwhile, the fact that XRP is trading in the red has increased the mystery regarding the upcoming price movements.
#ripple #binance