Coin

<ul class="wp-block-list news-points"> 
 <li>Over 196 million XRP moved to anonymous wallets from exchanges recently.</li> 
 <li>Binance was drained of 71,532,786 XRP in three transactions today.</li> 
 <li>The movements occur as the price of XRP drops to $0.45 after falling 19%</li> 
</ul> 
Blockchain tracker, Whale Alert, recently flagged a series of large <a href="https://coinedition.com/xrp-whale-movements-amidst-500m-xrp-escrow-release/">XRP transactions</a> to anonymous wallets, raising eyebrows within the cryptocurrency community alongside the ongoing market dip. 
In the past 24 hours, 196,291,580 XRP, valued at approximately $99,638,824, was transferred in multiple transactions from centralized exchanges to unknown destinations. This has raised questions about the possible motives and market implications. 
The first transaction <a href="https://x.com/whale_alert/status/1820117774598885703?t=EJ_86tKtyDS4iQlezigbrA&amp;s=19" target="_blank" rel="nofollow">saw</a> the movement of 95,678,814 XRP between two anonymous destinations, which occurred on 04 August at 15:21 (UTC). Four hours later, another 29,080,000 XRP, worth over $15,392,046, left the Bitstamp exchange for another unknown wallet.&nbsp; 
Meanwhile, in more recent transactions, Binance was drained of 71,532,786 XRP, all of which went to unknown destinations. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcMn3mMkj9cXz7oKGAUvGk0NmHQgu-N6CrnIogxeLYMZVwFpx-uHNP9HW8mXFMSeh0725UZleA1DY0cuVqF4pLxFbnjXW4uxHkTN5kn6DfAjtsG3hEea_tJENXIQjoU1wtIl_IEIZjyoDeNAg8yfpTA5LWf?key=QwInMDuEy6CBPvpb7mzLqQ" alt="">
</figure> 
Collectively, Whale Alert documented the transfer of 196,291,480 XRP, valued at $99.6 million, from exchanges to anonymous wallet…
The post <a href="https://coinedition.com/whale-alert-100m-xrp-moved-as-price-tanks-by-19/">Whale Alert: $100M XRP Moved as Price Tanks by 19%</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Whale Alert: $100M XRP Moved as Price Tanks by 19%

Coin Edition

Other articles published on Aug 5, 2024

Bitcoin Price Plunge Deepens: What Could Prevent a Recovery?

Can $1K become $10K in Crypto in 2024?

Lido Staked Ether Down More Than 15% Within 24 hours

NVIDIA faces scrutiny over alleged unlicensed data scraping for AI models

How to Accept Crypto Payments On Your Platform With Coinremitter?

Embracing Growth Amidst Fluctuations: Justin Sun’s $1 Billion Fund to Boost the Crypto Market

Join our free newsletter for daily crypto updates!