40 Million XRP Moved to Binance Exchange and Sold Immediately


Anonymous wallet moves a large number of coins to exchange while the cryptocurrency market recovers

While others decide to keep their coins in cold or hot wallets instead of exchanges, this XRP whale has moved a large volume of funds at a centralized exchange and, most likely, sold immediately.

According to transactional activity on the chain, an anonymous wallet ending in “kskkhi” has moved 40 million coins to a wallet owned by Binance centralized exchange.

Currently, the unknown wallet contains almost 13 million coins. The wallet received 40 million coins just a day before a large trade from another unknown wallet which contains significantly more XRP.

The exchange between undisclosed whales is purely anonymous and has not been known to the public. The second wallet, which initially transacted 40 million coins to the wallet that sold it on Binance, is currently holding 156 million XRP coins.

The larger wallet could sort of be connected to another centralized exchange, as it constantly receives a large number of funds from it, including those 40 million coins.

The realization of coins on the Binance exchange could have led to the rapid retrace of XRP that has been moving with a 2.5% profit today. The current daily XRP volume on Binance is at 156 million coins. The transacted amount represents approximately 25% of the current daily trading volume on the exchange.

At the time of going to press, XRP is trading at $ 0.97 with 0.17% daily growth which peaked at 2.5%. Previously, Ripple faced a strong rally falling below the $ 0.90 area and then climbing back up to $ 0.96 in one day.


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