XRP Whales Move 113 mln Tokens from Exchanges, Buy Signal?
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As the legal battle between Ripple and the Security Exchange Commission (SEC) concludes after four years, whales' focus has shifted to Ripple's native token XRP. According to a blockchain transaction tracker Whale Alert, in the last 24 hours, whales have moved over 113 million XRP from exchanges. This significant movement includes the withdrawal of 70 million XRP tokens.
The massive transfer of tokens is seen by some as a potential buy signal, indicating increased confidence in XRP's future performance. Such large-scale whale movements often spark interest and speculation within the cryptocurrency community.
This event comes amid growing optimism around Ripple as it continues to navigate its legal challenges with the SEC. The conclusion of the legal battle may also positively affect XRP's market dynamics and investor sentiment.
Source: coinpedia.org ↗
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