40 Million. XRP Transferred To The Binance Exchange And Sold
The cryptocurrency market is recovering, but the anonymous wallet decided in the meantime to get rid of a huge number of XRP coins.
While others decide to store their coins in cold or hot wallets instead of exchanges, this XRP whale moved a large amount of funds to a centralized exchange and most likely sold immediately.
According to the transaction activity in the chain, an anonymous wallet ending in "kskkhi" has moved 40 million coins to a wallet belonging to the centralized Binance exchange.
Currently, almost 13 million coins are stored in an unknown wallet. The wallet received 40 million coins just a day before a major transaction from another unknown wallet that holds significantly more XRP.
The exchange between unknown whales is completely anonymous and was not known to the general public. The second wallet, which initially transferred 40 million coins to the wallet that sold it on Binance, currently contains 156 million XRP coins.
A larger wallet may be connected to another centralized exchange in some way, since it constantly receives a large amount of funds from it, including these 40 million coins.
The sale of coins on the Binance exchange could lead to a rapid rollback of XRP, which is moving with a profit of 2.5% today. The current daily volume of XRP on Binance is 156 million coins. The transaction amount is approximately 25% of the current daily trading volume on the exchange.
At the time of publication, XRP is trading at $ 0.97 with 0.17% daily growth, which peaked at 2.5%. Earlier, Ripple faced a strong recovery, dropping below the $0.90 zone, and then rising again to $0.96 in one day.