XRP, one of the most popular cryptocurrencies fostered by Ripple Labs, curates a hurricane of speculations across the crypto realm today as the token recorded significant whale transfers to a CEX recently. Intriguingly, these whale transactions have stirred a whirlpool of inferences among crypto market enthusiasts globally following their emergence amid the token’s price drop.
Moreover, as per on-chain data sailing through the vastness of crypto, two significant whale transactions appear to have evoked noteworthy interest. These transactions showcased the relocation of nearly 50 million XRP to CEXs.
Meanwhile, renowned crypto analysts further spotlighted the token’s present market dynamics, garnering further inferences for the token.
Whale Dumps XRP To CEXs
According to the data revealed by blockchain tracking platform Whale Alert, the two transactions that caught global attention showcased the shifting of a whopping 50.7 million XRP to CEXs, Bitstamp and Bitso.
The first on-chain
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