- Wallet on Binance exchange has received 40 million coins.
- Almost 13 million coins are now in the wallet that is not known.
It’s not uncommon for people to retain their currencies in cold or hot wallets, but this XRP whale has transferred a big amount of money onto a centralized exchange and most likely sold it right then and there. Binance exchange has received 40 million coins from an anonymous wallet with its address’s last letter “kskkhi.”
Almost 13 million coins are now in the wallet that is not known. Before a major transaction from an unknown source, the wallet had received 40 million coins in XRP.
Second Wallet Has 156 Million XRP
Whales that have not been identified are exchanging with each other in a completely unpublicized manner. After transferring 40 million XRP to the wallet on Binance, XRP was further moved, the second wallet now has 156 million XRP in its possession!
Since the bigger wallet has received a substantial amount of money from another centralized exchange, including 40 million coins, it may be linked to that exchange.
The sudden retracement of XRP’s 2.5 percent profit today might have been caused by the realization of coins on Binance. On Binance, the daily volume of XRP is now 156 million coins. The amount of money that was exchanged represents around a quarter of the exchange’s daily trading activity.
According to CoinMarketCap, the XRP price today is $0.981569 USD with a 24-hour trading volume of $2,882,670,257 USD. XRP is up 7.29% in the last 24 hours. When Ripple dropped below the $0.90 level and then surged back to $0.96 in one day, it faced a strong rebound.
The post has appeared first on thenewscrypto.com