XRP, one of the most prominent cryptocurrencies by global market cap, curated a cyclone of speculations across the broader crypto market on Wednesday as the token noted another significant whale transaction. As per on-chain data surfacing over the crypto horizon, a whale recently dumped colossal amounts of XRP to a CEX, garnering substantial attention globally. Meanwhile, as the transaction emerged amid the Ripple-backed token’s bearish movement, additional inferences for the crypto seem to be birthing. Simultaneously, the token’s recent pullback to $0.51 appears to be mirroring today’s whale movement.
XRP Whale Dump: In-Depth Report
According to the data revealed by Whale Alert, a platform facilitating blockchain tracking, an unknown address recently transferred a staggering 29.5 million XRP to Bitstamp, a Luxembourg City-based CEX. Moreover, the amount transferred equaled a whopping $14.95 million as of writing.
Notably, the wallet address, r4wf7enWPx…5XgwHh4Rzn, was register
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