CandleFocus 100 Million XRP in 24 Hours — Here's What's Happening
2024-09-09
Author: Content Editor
XRP whales have made a significant transfer of over 100 million XRP tokens, worth around $52.9 million, from an unknown wallet to another unknown wallet. While the exact reason for the transfer is unclear, it is not a sell-off as it did not involve sending coins to crypto exchanges. This movement is likely a strategic decision by the whale, which can impact the market and lead to speculation and negative sentiment among holders. The price of XRP has been struggling in recent weeks and the broader market has faced bearish pressure. The current fear among traders indicates that XRP may remain in a consolidation phase for now.
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