More Than $10 Million Worth of XRP Transferred to Bitstamp
10/14/2024 16:26
The most recent XRP transfer has puzzled the XRP community
According to recent data provided by Whale Alert, a popular service that tracks large cryptocurrency transactions, $10.3 million worth of XRP was recently transferred from an unknown wallet to the Bitstamp exchange.
Some community members have treated this as a harbinger of a significant price decline.
The Ripple-affiliated cryptocurrency is currently changing hands at $0.54, according to data provided by CoinGecko.
Related
This is the first XRP transfer to the Bitstamp exchange that has been recorded by Whale Alert since Oct. 8. The previous transfer took place on Oct. 8.
Earlier this month, there was also a large XRP transfer of a whopping $27.3 to the Bitso exchange.
In September, Ripple co-founder Chris Larsen also unnerved some members of the XRP community with his latest transfers.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
Related articles
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox