Ripple Whale Alert - 4 Large Transactions Spotted, Thing To Worry!

Ripple Whale Alert - 4 Large Transactions Spotted, Thing To Worry!

2022-01-08 | Daniel Smith

Ripple Whale Alert - 4 Large Transactions Spotted, Thing To Worry!

Whale Alert, a prominent crypto monitor, has spotted four "large" Ripple transactions by prominent crypto exchanges in the last 15 hours.

50 percent of it was removed in one movement. However, according to CoinMarketCap, the eighth biggest crypto, XRP, has experienced a modest dip and is currently trading at the $0.76 level.

The price reduction occurred as a result of the SEC's current legal action versus Ripple Labs. 439.7 million XRP are traded on leading exchanges.

The blockchain tracking tool has identified four transactions involving substantial quantities of XRP, with significant worldwide exchanges engaging in the transfers.

These crypto transactions, nevertheless, have occurred between the internal wallets of exchanges such as South Korea's CoinOne, Bithumb, and others. The highest single transaction involves 249,999,980 XRP, which is equal to $188,604,850.

Bithumb, a large South Korean exchange, made the lowest transfer: 20 million XRP. The other two cables carried 70,000,000 as well as 99,766,000 packets, respectively.

Today's overall sum of cryptocurrency moved is $356,498,874 in fiat.

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