CandleFocus 800 Million XRP Migrate From Top Global Exchange; Is This Start of Something Big?
2024-12-16
Author: Content Editor
In a recent large-scale transfer of XRP, 800 million XRP, worth nearly $1.93 billion, was moved from Binance to an unknown wallet. This is one of the largest recent movements of XRP from an exchange to an external wallet. The transfer has sparked speculation about the motives behind the move, with possibilities including institutional or whale activity, cold storage for safekeeping, allocation to an institutional client, internal operations by Binance, or preparation for significant announcements or price shifts related to Ripple's RLUSD stablecoin launch. The exact reason for the transfer remains unknown.
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