Bitcoin

Read

Reversal

<ul>
 <li>Within 24 hours, over 76.6 million XRP were transferred in two major transactions, raising market attention.</li>
 <li>The reasons behind these moves are unclear, with speculations ranging from safekeeping to potential investment strategies.</li>
 <li>Despite concerns, XRP’s price rose by 4.37% to $0.580738, indicating positive market sentiment.</li>
</ul>
<p>The XRP market witnessed significant activity within a span of 24 hours, as a whopping 76.6 million XRP tokens were transferred in two major transactions. The crypto community was abuzz with speculation and intrigue as the movements unfolded.</p>
<p>The first transaction involved a staggering 50,000,000 XRP, valued at approximately $27,602,730, shifted from CryptoCom exchange to an undisclosed wallet.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 50,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (27,602,730 USD) transferred from <a href="https://twitter.com/hashtag/CryptoCom?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoCom</a> to unknown wallet<a href="https://t.co/mgEut2tYeA" rel="noopener noreferrer nofollow">https://t.co/mgEut2tYeA</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1718890733782937680?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 30, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Simultaneously, another notable movement saw 26,700,000 XRP, worth $14,829,710, transferred from an unknown wallet to Bitstamp. The motives behind these transactions remained shrouded in mystery, giving rise to various speculations within the crypto space.</p>
<p>Some experts suggested that the transfer from CryptoCom to the unknown wallet might be indicative of a strategic move for safekeeping. In contrast, others hinted at potential investment strategies, including over-the-counter (OTC) transactions not typically visible on-chain. In contrast, the XRP sent to Bitstamp raised questions about passive-earning products on the trading platform, pointing toward diverse strategies employed by market participants.</p>
<p>Despite the uncertainties surrounding these moves, XRP’s market price exhibited resilience. Surprisingly, XRP experienced a positive surge, with its price rising by 4.37% to reach $0.580738. This unexpected uptick hinted at the overall positive sentiment within the market, defying concerns of an imminent sell-off. With the currency’s price currently on the rise, investors and enthusiasts alike remain on the edge of their seats.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/shib-xrp-ada-eth-social-interest-spike-amid-collapse/" rel="noopener noreferrer nofollow">SHIB, XRP, ADA, ETH Social Interest Spike Amid Collapse</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-has-been-at-a-standstill-for-4-days-heres-whats-ahead/" rel="noopener noreferrer nofollow">Bitcoin Has Been at a Standstill for 4 Days. Here’s What’s Ahead</a></li>
 <li><a href="https://cryptonewsland.com/whats-a-daolationship-and-why-is-consensys-having-one/" rel="noopener noreferrer nofollow">What’s a DAOlationship and Why is ConsenSys Having One?</a></li>
 <li><a href="https://cryptonewsland.com/crypto-com-delist-us-tether-whats-next-for-the-stablecoin/" rel="noopener noreferrer nofollow">Crypto.com Delist Tether(USDT) for Canadian Users</a></li>
 <li><a href="https://cryptonewsland.com/xrp-sees-dawn-of-potential-reversal-on-the-horizon-as-wave-2-forms/" rel="noopener noreferrer nofollow">XRP Sees Dawn of Potential Reversal on the Horizon as Wave 2 Forms</a></li>
</ul>
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/xrp-whales-make-waves-76-6m-tokens-shifted-whats-next/">XRP Whales Make Waves: 76.6M Tokens Shifted – What’s Next?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Whales Make Waves: 76.6M Tokens Shifted – What’s Next?

Crypto News Land

Other articles published on Oct 30, 2023

Kasikorn Bank Acquires Satang Crypto Exchange for $103M, Marks Major Leap into Thailand’s Crypto ...

Bitget announces initial listing of Memecoin (MEMECOIN) in the Innovation Zone and Meme Zone

Daniel Shin denies hand in Terra’s collapse

Cyber-defense Systems in the AI Arms Race to Battle Against Criminals

XRP Bears Outperform Bulls by 387% in Last 24H, But There's a Catch

Bitcoin Miners Start Selling BTC at Record Levels as Price Rises

Join our free newsletter for daily crypto updates!