Popular cryptocurrency XRP experienced a significant transfer of almost 20 million coins, worth $50.66 million, from Gemini to unknown addresses. The wallet that received the XRP now holds a total of 43.73 million XRP, valued at $112 million, raising questions about whether it belongs to Gemini or an unknown major investor. The movement of such large amounts from centralized exchanges is seen as bullish whale activity, where major investors buy cryptocurrency with liquidity and then withdraw it to their own decentralized custody. The transfer attracted attention from over 110,000 people, which could influence trading decisions. Following the transfer, the price of XRP briefly spiked by 0.56% in the next nine minutes. Currently, XRP is being traded at $2.55.



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