An anonymous investor has recently moved a massive amount of Ripple (XRP) tokens worth around $14.9 million into Bitstamp. This has sparked speculation within the crypto community and analysts, with some asking if the tokens will be dumped.Researcher @cryptoiz_IDN suggests that this could signal an influx of ‘whale’ investors entering the crypto market. This is not the first time that a large amount of XRP has been moved, as three days prior, the same wallet moved around 29.3 million XRP, worth $15.13 million, to another Bitstamp wallet.Two days ago, another massive XRP transaction was reported by Whale Charts, with wallet rK3P1jMwgm moving 425.86 million XRP worth $220.1 million to wallet rpiY9qekn4 in a single transfer. This movement did not raise any alarms as investors noted it was a wallet change.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 10 |
| People | Wais Taherian, Cryptoiz ID |
| Companies | Whale Charts, PrimeXBT, Bitstamp, Binance |
| Currencies | ethereum, xrp, bitcoin |
| Securities |
