A large transfer of 69,300,000 XRP to Binance was detected by Whale Alert, coinciding with a 9.33% price increase for XRP. The transfer sparked speculation about a potential pump or sell-off.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Popular crypto tracking service Whale Alert, which traces down large cryptocurrency transfers and shares the details on its account on the X platform (formerly widely known as Twitter), has spotted a large transfer of XRP to Binance. This transfer occurred amid a substantial price increase of 9.33% for XRP since Monday. At the time of this writing, XRP is trading at $2.57. Data shared by Whale Alert revealed that less than two hours ago, an anonymous whale transferred 69,300,000 XRP to the Binance exchange, valued at $175,875,867 at the time of the transfer. The community speculated on the nature of this transfer and the wallet it originated from. Some believed it indicated an upcoming XRP pump, while others predicted a sell-off. The XRP-focused analytics platform Bithomp clarified that the transfer was internal, as the anonymous wallet belonged to Binance. Bithomp previously reported on Monday that 800,000,000 XRP and 120,000,000 XRP withdrawals were made from Binance, worth $1,927,321,529 and $283,017,799 respectively
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