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14,000,000 XRP Amid Price Pump – What’s Going On?

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  • Massive 14 million XRP transfer aligns with ongoing market price surge.
  • UPbit-linked XRP transaction raises fresh questions across crypto community.
  • XRP whales may be positioning ahead of next big move.

A significant transaction involving 14 million XRP was confirmed earlier today, coinciding with increased market activity and a visible price pump. The move has generated widespread attention, mainly due to its timing and the volume involved.

According to Captain Redbeard (@Brett_Crypto_X), who shared the update on Twitter, the transaction has sparked speculation about strategic movements behind the scenes. The large transfer was recorded on the XRP Ledger with ledger number 97,459,219 and carried out with a minimal fee of 0.01 XRP, as confirmed by XRPSCAN.

The transfer originated at UPbit, one of the biggest crypto exchanges in South Korea, where its presence has commonly been linked with large volume transactions involving XRP.

Such an association has brought into question whether institutional players or coordinated buyers lead the movement.

Also Read: XRP at $2.9 – Here’s Why XRP Price is Surging Today

This occurred at the same time as the XRP price was gaining momentum, as seen in key exchanges. Analysts are now watching closely to determine whether this transfer contributed to the price action or was a response to it. Any of those options would demonstrate an increased interest in the asset at a decisive moment.

Increased Regional Interest and Strategic Exchange Activity

South Korea continues to play a central role in global crypto trends, especially during periods of heightened activity. Transactions involving large amounts of XRP transferred by Korean platforms usually identify a change of trading sentiment, or anticipation of significant events.

Also, UPbit’s frequent participation in multi-million XRP movements is considered an issue of further liquidity management or more extensive accumulation plans. These actions typically precede or coincide with larger market developments, prompting traders to adjust their positions.

Although the actual aim of the transaction is unclear, the time of the day, the volume, and the origin of the exchange have elicited continuous debates in the XRP community. The connection between this ledger activity and XRP’s recent price movement continues to be monitored closely.

Also Read: The next 10 Days Will be XRP Chaos’ – Barron Trump Fan Sparks Frenzy Ahead of Major Move

The post 14,000,000 XRP Amid Price Pump – What’s Going On? appeared first on 36Crypto.

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