😱🦈🦈74 Million XRP Mysteriously Moved to Wallets While Whales Made Crazy Moves
XRP, the seventh largest cryptocurrency by market capitalization, has experienced a flurry of activity with a staggering 74 million tokens mysteriously transferred to various wallets through a series of transactions.
Significant XRP token transfers, which may bring to mind the whale purchase, have ignited speculation and intrigue in the XRP community and the broader cryptocurrency market. XRP has fluctuated over the past 24 hours and its price has fallen amid a broader market downturn. At the time of writing, XRP has fallen by 1.14% to $0.516 over the past 24 hours, after falling to an intraday low of $0.5077. Millions of XRP tokens have been moved to various unknown wallets on crypto exchanges such as Binance and Bitvavo in the last 24 hours, in a way that may coincide with the crypto whales' strategic move to buy the fall. Whale Alert, a cryptocurrency data tracker, reveals three transactions totaling more than 74 million XRP.
Whale Alert
@whale_alert
🚨 24,118,600 #XRP (12,461,230 USD) transferred from Bitvavo to unknown wallet
In two separate transactions, 24,059,884 XRP worth $12,390,804 and 26,336,059 XRP worth $13,563,030 were transferred from #binance to unknown wallets. The third transaction involved the transfer of 24,118,600 XRP worth $12,461,230 from the Bitvavo exchange to an unknown wallet.
This series of transactions has raised questions about the goals and intentions behind the move, as well as the fact that the identities of the recipient wallets are unknown. Not ruling out the possibility of a re-shuffle of funds, transactions may be related to whales or large shareholders who want to take advantage of market trends. Dec. Keep in mind that withdrawals from cryptocurrency exchanges can be a sign of a purchase.
According to Centiment's on-chain data, XRP may currently be undervalued with a profit rate of 77%. Compared to other cryptocurrencies such as Bitcoin and Ethereum, a low percentage of supply in profit may indicate a low valuation.
