CandleFocus Mysterious $800 Million XRP Withdrawal Stuns Top South Korean Exchange
2024-11-05
Author: Content Editor
The news reports on unusual activity in the crypto market, specifically the sudden withdrawal of 1.586 billion XRP from Bithumb, one of Korea's largest exchanges. The transfers were made to new wallets, with the largest transfer being worth $296.95 million. While some speculate that these transfers indicate a major player buying tokens and storing them in wallets, it is believed that these transfers are actually internal transfers within Bithumb. Nonetheless, the initial impression of these transfers could still impact the future movement of XRP.
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