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$70,224,089 XRP Stuns Coinbase in Minutes, What’s Happening?
A staggering $70,224,089 worth of XRP was transferred to Coinbase within minutes, leaving the crypto community in a state of bewilderment. The sudden movement has sparked intense speculation and debate about its implications.
According to Whale Alert, an unknown wallet transferred 25,498,179 XRP to Coinbase, resulting in a mind-boggling $70,224,089 worth of XRP being sent to the exchange. This development has piqued the interest of many in the crypto community, with some attempting to unravel the mysteries surrounding this transaction.
One crucial aspect is the timing of this transfer. XRP’s recent price surge marks its fifth consecutive day in the green, while today’s closing marked six days of sustained bullish momentum. The confluence of these factors has led analysts to ponder whether this massive transfer could be a sign of profit-taking or simply a reshuffling of funds.
This enormous transfer is not an isolated incident. Over the past 24 hours, Whale Alert has also reported an additional $90,216,153 in XRP worth being moved from South Korean crypto exchange Upbit to an unknown wallet.
XRP’s price has been steadily rising since July 11, reaching a four-month high of $2.82 at press time.
Source: u.today
