Ripple whales divert more funds from trade amid global outflow trend
Undisclosed XRP wallet decides to withdraw a large volume of XRP coins from centralized exchanges as part of the global exchange outflows trend.
According to the Whale Alert Tracking Service, a whale-level address removed 12.7 million XRP coins from the mid-level CoinOne exchange to an unknown wallet. Funds have not moved since from the receiving wallet.
The trade is part of the rapidly developing exit trend that is presently present in the market after a rapid increase in volatility.
Previously, U.Today reported that Ethereum traders are draining exchange supplies by moving away from the majority of existing assets for undisclosed reasons.
Ripple couldn’t avoid the global cryptocurrency correction that has hit the market over the past two days. Ripple lost approximately 14% of its value in only eight days while previously moving in a strong uptrend for the last 40 days.
In the last run, Ripple gained over 40% from its value compared to the start of October.
