Ripple News: XRP Whales Transfer $53M to Coinbase Amid Bullish Price Setup
The post Ripple News: XRP Whales Transfer $53M to Coinbase Amid Bullish Price Setup appeared first on Coinpedia Fintech News
A huge XRP transaction has caught the crypto community’s attention, raising questions about its purpose. According to Whale Alert, $53 million worth of XRP was suddenly moved to Coinbase from an unknown wallet.
However, this move raises the question of whether the whale is preparing to sell this large chunk of XRP or if there’s another motive behind it.
$53M Worth of XRP Tokens MovedAccording to blockchain tracker Whale Alert, a staggering 16.69 million XRP, worth around $53.16 million, was moved from an unknown wallet straight to Coinbase.
Whale alert data confirmed that the transaction wasn’t from an external wallet at all. Instead, the tokens were moved between two of Coinbase’s cold storage wallets, one tagged as “197” and the other as “Cold Wallet 6.” Although both these wallets typically hold around 16.5 million XRP each.
