XRP Whales Move $814 Million, What Is Going On?

Quick Summary:

In the past hour, over 1.6 billion XRP tokens, valued at approximately $814 million, were moved from the exchange to unknown wallets.

XRP price has recovered above the $0.50 support amid massive whale transfers from South Korea’s Bithumb exchange.

The South Korean exchange has previously conducted similar transfers, often to reorganize its liquidity across different wallets.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaSouth Korea

Topics: 24/7 Cryptocurrency News XRP US Election XRP Whales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 19:05:46 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 39 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23436694

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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