New Whale Wallet Receives 140 Million $XRP
Worth $167.7 Million as Price Drops Below $1.20.
A newly activated XRP wallet received 140,351,238 XRP worth approximately $167.7 million in a single transaction on November 6. The transfer came as XRP broke below the $1.20 support level, reaching a low of $1.17. The receiving wallet was activated on October 5 and held only 32 XRP before the transaction. It has not made any outgoing transfers and still holds the full 140.35 million XRP.
However, the transfer does not necessarily represent a new XRP purchase. The sending wallet has a connection to Bitstamp and still holds around 238 million XRP. This raises the possibility that the transaction was an internal transfer between wallets rather than fresh accumulation. Meanwhile, other whale activity has increased, with large holders adding around 60 million XRP to their holdings over the previous seven days, according to analyst Ali Martinez.
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Worth $167.7 Million as Price Drops Below $1.20.
A newly activated XRP wallet received 140,351,238 XRP worth approximately $167.7 million in a single transaction on November 6. The transfer came as XRP broke below the $1.20 support level, reaching a low of $1.17. The receiving wallet was activated on October 5 and held only 32 XRP before the transaction. It has not made any outgoing transfers and still holds the full 140.35 million XRP.
However, the transfer does not necessarily represent a new XRP purchase. The sending wallet has a connection to Bitstamp and still holds around 238 million XRP. This raises the possibility that the transaction was an internal transfer between wallets rather than fresh accumulation. Meanwhile, other whale activity has increased, with large holders adding around 60 million XRP to their holdings over the previous seven days, according to analyst Ali Martinez.
#CryptoNewsCommunity