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XRP Recovers from $0.43 Dip, But Whales Now Move 452M to Exchanges

Published 15/04/2024, 14:41
XRP Recovers from $0.43 Dip, But Whales Now Move 452M to Exchanges
XRP/USD
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Coin Edition -

  • Bitvavo, Bithumb, and Bitstamp have received over 452 million XRP from unknown wallets.

  • The transactions occur amid XRP regaining the $0.5 range with a 6% gain.

  • The timing of these transactions has fueled speculation of a potential big dump in XRP.

Whale Alert has detected a flurry of XRP movements to exchanges in the past few hours, triggering concerns of bearish sentiment amid recent gains for XRP. Within the past 24 hours, Whale Alert has documented the transfer of 452 million XRP from various undisclosed wallets to major centralized exchanges Bitvavo, Bithumb, and Bitstamp.

The first transfer occurred via Bitstamp, where the exchange received a deposit of 22 million XRP from an undisclosed wallet valued at over $10.8 million. While the Bitstamp deposit occurred last night, a significantly larger movement of XRP has emerged within the past three hours.

Specifically, the South Korean exchange Bithumb received 390,869,591 XRP from an unidentified wallet at 06:47 UTC today.

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