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XRP Whale Makes $68.7 Million Coinbase Deposit—Cashing In On Price Surge?

On-chain data shows an XRP whale has made a large inflow into the Coinbase exchange, a sign that could be bearish for the asset’s price.

An XRP Whale Has Made A Huge Transaction During The Past Day
According to data from the cryptocurrency transaction tracker service Whale Alert, a large movement has taken place on the XRP network during the last 24 hours.

The move in question involved the transfer of 29,532,534 tokens of the cryptocurrency, worth more than $68.7 million at the time that the move went through on the blockchain. Given the large scale involved in the transaction, it’s likely that a whale entity was responsible for it.

XRP Whale Makes $68.7 Million Coinbase Deposit—Cashing In On Price Surge?

On-chain data shows an XRP whale has made a large inflow into the Coinbase exchange, a sign that could be bearish for the asset’s price.

An XRP Whale Has Made A Huge Transaction During The Past Day
According to data from the cryptocurrency transaction tracker service Whale Alert, a large movement has taken place on the XRP network during the last 24 hours.

The move in question involved the transfer of 29,532,534 tokens of the cryptocurrency, worth more than $68.7 million at the time that the move went through on the blockchain. Given the large scale involved in the transaction, it’s likely that a whale entity was responsible for it.

https://bitcoinist.com/xrp-whale-68-7-million-coinbase-deposit-price-surge/