Recently, XRP has been the subject of significant trading activities by large-scale investors, commonly referred to as “whales,” which have impacted its presence on various cryptocurrency exchanges.
Notably, a substantial transaction saw 158 million XRP tokens, worth $77 million, transferred to the Binance exchange.
![](https://public.bnbstatic.com/image/pgc/202404/606401b7d0c6cade9596316a82633416.png)
Such movements typically indicate potential sell-off intentions from major holders, suggesting a pessimistic outlook on XRP’s future prices.
In contrast, the tracking service Whale Alerts noted considerable volumes of XRP moving from Binance back to private wallets. This included a notable transaction where 100 million XRP, equivalent to about $48 million, was transferred into private holdings across several transactions.
This activity may signal a more optimistic sentiment among some sections of the investor community regarding XRP’s value.
![](https://public.bnbstatic.com/image/pgc/202404/2e68cf9d3d15cc361a63d9be09e8768b.png)
Additionally, previous day records showed an influx of 457 million XRP, valued at over $234 million, into exchanges such as Bithumb, Bitvavo, and Bitstamp, with the largest single transaction involving 390 million tokens sent to Bithumb.
![](https://public.bnbstatic.com/image/pgc/202404/9622eb0490febc9e177cbfb4771931e0.png)
![](https://public.bnbstatic.com/image/pgc/202404/84757473e44e0a34487fa84d80153587.png)
At present, XRP is priced at $0.4986, marking a 1.79% increase over the last 24 hours. Despite this slight uptick, XRP has experienced a significant downturn, decreasing by 18% and 20% over the last seven and thirty days, respectively.
These large transactions underscore the volatility and speculative nature of XRP’s market, influenced heavily by the actions of major investors.
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