At the current exchange rate, this amount of Ripple-affiliated coins is valued at $327,484,478 as the XRP is changing hands at $3.27 per coin.
According to the chart, over the two previous days, whales sold a significant amount of XRP: “Whales bought over 100 million $XRP in the last 48 hours.”
These 100 million XRP were purchased as the third biggest cryptocurrency by size of the market capitalization plunged, losing more than 10% – from approximately $3.27 to $2.92. Today, XRP witnessed a massive increase of more than 14% as it skyrocketed from $2.92 to the $3.33. XRP followed the Bitcoin price trajectory as the largest cryptocurrency reached a new all-time high of $109,114. By now, BTC has shed some of its today’s profits and is trading at $107,468.
While the community took this deposit as a bullish sign, Bithomp XRP-focused data platform revealed that the transfer had in fact been conducted by a wallet associated with Binance. Therefore, it was an internal crypto transaction.
This article was originally published on U.Today
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