XRP whales are drawing attention by offloading a massive amount of tokens before Ripple's $125M settlement with the SEC. According to WhaleAlert, over the last day, 114.34 million XRP have been moved to centralized exchanges (CEXs).
Data highlights that 54.34 million XRP tokens were recently transferred to the exchanges Bitstamp and Bitso. This activity comes amid increasing scrutiny and anticipation surrounding Ripple's settlement with the Securities and Exchange Commission.
Such large-scale movements often raise concerns about potential market impacts, including price volatility and trading behaviors, particularly among smaller investors.
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