CandleFocus $69 Million XRP Transfer Stuns Major US Exchange Coinbase on Christmas
2024-12-25
Author: Content Editor
A mysterious transfer of over 30 million XRP tokens, worth $69.24 million, from an unknown wallet to cryptocurrency exchange Coinbase has raised concerns among market participants. While some speculate that it could be a sign of a large sell-off by an unknown entity, others believe it could be a whale buying and withdrawing assets from the exchange. The transfer has the potential to disrupt the XRP market, as it may lead to the perception that a major player is about to offload a significant amount of cryptocurrency. However, it is also possible that the transfer is just an internal operation of Coinbase. The impact on XRP remains to be seen, but the cryptocurrency's price has dropped by 1.5% since the start of the day's trading session.
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