CandleFocus

30 Million XRP Mystery Stuns Major Korean Exchange Upbit

Tens of millions of XRP have been transferred from the major South Korean exchange, Upbit, to an unknown destination. The recipient has distributed a large portion of the tokens to other unknown wallets, leaving only 1.169 million XRP in their wallet. Despite this, XRP has seen increased trading activity and is currently the sixth most traded asset on Upbit. Withdrawals from exchanges are seen as a positive sign for bullish traders, and the surge in trading volume may indicate growing interest from retail investors. The impact of these movements on XRP's performance in the coming days will be closely watched by the crypto community.

Related News