XRP whale funnels $13 million out of Binance, what does this mean?
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XRP is one of the most controversial digital currencies in the top 10 list of the most capitalized digital currencies. One of the reasons for this is that despite its robust community, trading volume and whale actions, its price has remained relatively stagnant.The whale that transferred this 25 million XRP from Binance might be solidifying their position in the coin.
The whale in question is not new to the XRP ecosystem, as data from Bithomp Explorer shows. The whale account was activated on Binance back in November 2024 and, since then, it has been conducting a series of XRP transactions. While transfers from Binance might signal a positive omen, the whale is known to always funnel XRP to other exchanges, which might also be a sell-off channel. As observed, the whale currently has a balance of 59.328 million.If the XRP whale is making a purchase with the $13 million funds shuffle, it might be because the coin’s current price is considered a major discount. With this, expectations are mounting for more likely XRP buy-ups, as At the time of writing, XRP is changing hands for $0.
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