On-chain data shows the XRP whales have made some moves in the past day. Here’s what these humongous entities have been up to. XRP Whales Have Made Some Exchange-Related Transfers During Past Day According to data from the on-chain transaction tracker service Whale Alert, three large transactions have been spotted on the XRP network during the last 24 hours. The first of these transfers involved the movement of about 28.7 million XRP across the blockchain, worth around $14.7 million when the transaction went through. Related Reading: Bitcoin Miner Selloff Poses “Negligible Impact”, Quant Argues Given the scale of the move, it’s likely that a whale entity was behind it. Owing to their large holdings, the whales can be influential beings on the network, so their moves can be worth following, as they may cause noticeable fluctuations in the market. What a whale’s transfer may imply for the cryptocurrency depends on the intent behind it. Below are the details regarding this first XRP whale transfer, which may shed some light on its context. Looks like this transfer o ..
Support the originator by clicking the read the rest link below.
