CandleFocus 69,300,000 XRP Hits Binance, Here’s What’s Happening
2024-12-17
Author: Content Editor
Whale Alert, a popular crypto tracking service, has spotted a large XRP transfer worth almost $200 million. The transfer was made to the Binance exchange and occurred as XRP experienced a significant price increase. Some in the community speculate that the transfer could signal an upcoming pump in XRP, while others believe it may indicate a sell-off. XRP-focused analytics platform Bithomp revealed that the transfer was actually an internal transaction initiated by Binance. Additionally, Bithomp shared data showing large withdrawals of XRP from Binance, which were later revealed to be the exchange reshuffling its XRP holdings to new wallets. In other news, Ripple has announced the launch date of its new product, the Ripple USD stablecoin (RLUSD), which will be available on cryptocurrency exchanges for trading on December 17.
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