XRP, one of the top cryptocurrencies by market cap globally, once again curates a cyclone of speculations across the cryptocurrency landscape as it recently noted substantial whale transfers to a CEX. Notably, the transfers gained significant traction across the broader crypto market today as they surfaced amid a price drop jotted down by the token.
The whale transactions encompassed the transfer of a whopping 40 million XRP, worth $24.49 million, to Bybit, a UAE-based crypto CEX.
Meanwhile, crypto analysts worldwide shed light on the Ripple-backed token’s current market tokenomics, stressing the token’s bull run ahead.
XRP Whale Transactions: A Detailed Report
Whale Alert, a platform simplifying on-chain metrics, recently revealed the data orbiting XRP whale transfers to Bybit. According to the data, an unknown wallet, raQxZLtqur…XMNwvFRkJN, moved 20 million XRP, worth $12.20 million, to Bybit today, December 23. Furthermore, it shifted another 20 million XRP, worth $12.29 milli
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