CandleFocus 272 Million XRP in 24 Hours After SEC’s Appeal – What's Happening?
2024-10-04
Author: Content Editor
Whale Alert, a popular cryptocurrency tracker, has observed large XRP withdrawals from top crypto exchanges, with over a quarter of a billion XRP mysteriously being moved by anonymous whales. Seven large XRP transactions have occurred in the past 24 hours, indicating increased activity from XRP whales who are buying and selling the cryptocurrency extensively. Anonymous whales withdrew XRP from Binance and Indodax exchanges, while substantial deposits were made to exchanges such as Bitstamp and Bitso. One standout transaction involved the transfer of 104,384,848 XRP between two unknown wallet addresses, equivalent to $54,662,653. The recent appeal filed by the SEC in the Ripple case has negatively impacted the XRP price, which has dropped over 9% since Wednesday and more than 20% overall since Sunday.
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