XRP Whales Dumping Heavily As Ripple To Move $125 Million

Quick Summary:

XRP whales have again taken the broader crypto market by storm, dumping hundreds of millions of tokens ahead of Ripple’s $125 million settlement in the SEC lawsuit.

On-chain data indicates nearly 114 million XRP moved to centralized exchanges recently, raising eyebrows among market participants.

Meanwhile, the Ripple-backed token’s price took the heat of massive dumps today, sparking further speculations over future movements.

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Article Details

Category: Crypto

Markets: India

Topics: XRP price 24/7 Cryptocurrency News Ripple SEC XRP XRP Whales Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 13:06:04 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 22308030

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Main Topics: Crypto

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News Last Updated: 11 hours ago

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