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Title: $63,810,782 in XRP Stun Largest US Crypto Exchange Coinbase, Here’s Pivot
The world of cryptocurrency is never short on surprises, and yesterday was no exception. Whale Alert, a popular Twitter account dedicated to tracking large crypto transactions, uncovered a massive transfer of 70 million XRP tokens worth approximately $150,361,090.
Initially, many enthusiasts in the comments section assumed that this enormous transaction was initiated by an anonymous “whale” (a term used to describe large-scale cryptocurrency holders) looking to make a huge sale. However, further analysis revealed that this massive transfer is not a sale at all, but rather a rearrangement of Coinbase’s XRP holdings.
According to Bithomp, the trusted source for on-chain analytics data, the transaction was initiated by Coinbase itself. It appears that the largest US-based cryptocurrency exchange has been adjusting its XRP portfolio.
Source: https://u.today/63810782-in-xrp-stun-largest-us-crypto-exchange-coinbase-heres-pivot
