XRP's price has already been showing signs of weeknesses, erasing all the gains charted after the partial court victory against the SEC.
XRP’s price has already been showing signs of weeknesses, erasing all the gains charted after the partial court victory against the SEC.
On-chain data tracker Whale Charts just flagged a massive XRP transaction, which could spell doom for the popular crypto asset. As per Whale Charts’ tweet, an anonymous investor moved about 28.4 million Ripple , equivalent to roughly $14.9 million, into Bitstamp. The amount was transferred from wallet r4wf7enWPx to another Bitstamp wallet, rDsbeomae4.towards an exchange wallet signaled a possible dumping of the tokens, igniting speculation within the crypto community and analysts.
One crypto aficionado, @wais_taherian, asked about an impending selloff, saying, “Will it be dumped again?”this could signal an influx of ‘whale’ investors entering the crypto market.About three days prior, the same wallet, r4wf7enWPx, about 29.3 million XRP, worth $15.13 million, to another Bitstamp wallet, rDsbeomae4, mentioned as a recipient earlier. Notice the sender and recipient in both cases are the same.
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