Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
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.
Whales are the big-money investors of the sector, who can carry some degree of influence in the market. As such, their movements can be worth keeping an…
