The XRP market experienced significant whale action recently, with over 1.5 billion XRP being transferred from Bithumb, one of South Korea’s largest exchanges, within just 30 minutes. This massive movement has caught the attention of various market participants.
Such large withdrawals by XRP whales often lead to speculation about potential price impacts. Market participants are closely observing the market to gauge any immediate effects on XRP’s price.
The move has sparked discussions across the crypto community, raising questions about whether it might signal an upcoming price rally for XRP. Such movements can influence market sentiment in the short term.
Source: www.thecoinrepublic.com ↗