has surged by an impressive 23% over the last 24 hours, reaching a staggering $1.27 billion, as reported by However, today, the price is undergoing a minor correction of 0.6%. These fluctuations in price come amid a broader surge in volatility across the cryptocurrency market.Of particular interest is the revelation that 100 million XRP tokens were withdrawn from the Coincheck exchange today, amounting to approximately $51.6 million.
Analysis of the address's transaction history reveals a consistent pattern of receiving XRP transfers from Coincheck, strongly indicating that the address is affiliated with the exchange itself.. It is regulated by the country's Financial Services Agency and audited by the Japan Blockchain Association. It boasts substantial liquidity, $100 million trading volume and traffic, positioning it as a key player in the Asian region.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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