Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Blockchain sleuth Whale Alert has spotted two large transactions made from the leading cryptocurrency exchange Binance. Each transfer carried slightly more than 50 millionThe consecutive transactions, carrying 50,307,376 and 50,307,383 XRP and worth $26,000,000 in fiat each took place with less than an hour between each other. They may look like crypto whales buying XRP on the dip while the coin is striving to break out above the $0.52590 level on the chart.
However, data shared by the Bithomp XRP explorer shows that both blockchain addresses to which these tens of millions of XRP were transferred are associated with Binance itself. Therefore, this is likely a redistribution of assets performed by the crypto trading giant.were moved away from the Kraken exchange – a leading one in the USA. This astounding amount of crypto was moved from Kraken to an anonymous blockchain wallet. Crypto withdrawals from exchanges take place for a variety of reasons.
The most likely reason here, however, seems to be a purchase after which a whale, whose identity remains undisclosed, shoveled this $137,276,075 worth of XRP tokens into his cold storage vault for long-term holding.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »