{"id":562513,"date":"2023-11-26T15:00:13","date_gmt":"2023-11-26T15:00:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=562513"},"modified":"2024-06-11T08:06:53","modified_gmt":"2024-06-11T08:06:53","slug":"whales-move-30-million-worth-of-xrp-to-exchanges-time-to-sell","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/whales-move-30-million-worth-of-xrp-to-exchanges-time-to-sell\/","title":{"rendered":"Whales Move $30 Million Worth Of XRP To Exchanges – Time To Sell?"},"content":{"rendered":"
XRP could witness<\/span><\/a> a massive selloff in the coming days, as shown by on-chain transfer data. According to transaction alerts from crypto whale tracker Whale Alerts, two whale-sized transactions involving XRP have recently made their way onto cryptocurrency exchanges Bitso and Bitstamp, prompting investors to ponder the reasons behind the transactions and speculate on possible outcomes.<\/span><\/p>\n Massive transfers by whales can often increase selling pressure if they sell and take profits, which could cascade into the price of the asset, even if only temporary.<\/span><\/p>\n XRP has <\/span>gone through consolidation<\/span><\/a> for the past two weeks in the midst<\/span> of a market lull<\/span><\/a>. According to Coinmarketcap, the altcoin’s trading volume is also down by 43.59% in the past 24 hours. Before this period however, a whale made a transfer of 50 million XRP worth approximately $31 million to exchanges, prompting investors to wonder if this is a part of the ongoing consolidation and if the transfers are a selloff.<\/span><\/p>\nWhale Transfers 50 Million XRP To Exchanges<\/b><\/h2>\n