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XRP Whales on the Move: 33M Coins Transferred to Binance as Price Drops

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Whale Moves 33 Million XRP to Binance, August Mass Movement of XRP Continues
  • 33 million XRP valued at $19.73 million transferred to Binance.
  • This follows a series of earlier movements from exchanges.
  • Market speculation grows as XRP experiences significant transfers.

A significant transfer of 33 million XRP, worth roughly $19.73 million, happened on the XRP Ledger earlier today, occurring at the same time as an ongoing correction in XRP’s price. Blockchain transaction monitoring service Whale Alert flagged the transfer in an X post.

The transfer, which took place at 07:04:02 UTC, moved the substantial amount from an unknown wallet to Binance, the world’s largest cryptocurrency exchange. This transaction is the latest in a series of large XRP movements that caught investors’ attention since this month.

The reason for the transfer remains a mystery, leaving market watchers to wonder whether the move was intended for immediate trading or other strategic reasons. This comes after a string of large XRP movements in August.

Previously, 25 million XRP, valued at $15 million, was transfe…

The post XRP Whales on the Move: 33M Coins Transferred to Binance as Price Drops appeared first on Coin Edition.

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