A large amount of XRP was moved to Binance and then taken away from it by anonymous whales, here’s why it could happen
Whale Alert has detected that in the past two hours, an anonymous cryptocurrency user sent 50 million XRP to Binance. However, almost immediately the same amount of XRP was sent to another crypto wallet tagged by the blockchain tracker as “unknown.”
This is happening as XRP is trading at the $0.5875 level, and many in the XRP community are buying more falling coins. As a result, a large number of XRP transactions are spotted between XRP investors and centralized digital exchanges that still support this SEC-beaten coin.
Binance receives 50 million XRP
Slightly over two hours ago, a mysterious wallet tagged by Whale Alert as one with an unregistered owner made a transaction that carried 50 million XRP tokens to the world’s biggest crypto exchange by trading volume—Binance. The fiat equivalent of the transferred amount of crypto totals $29,300,201.
Whale Alert did not tag the sender’s address by any particular network or user, claiming the sender was unknown. Some in the comment thread speculated that it was a whale sending its XRP to sell on the Changpeng Zhao (CZ) managed platform.
However, a detailed look into the data provided by XRP transaction platform Bithomp shows that the transfer was made between two wallets of the Binance exchange.
An outgoing transfer of 50 million XRP
Exactly at the same time the inbound XRP transaction to Binance was made, 50 million XRP left Binance and was transferred to a wallet that Whale Alert re-marked as anonymous.
Details provided by the aforementioned XRP data service, though, show that the equivalent of $29.3 million XRP was sent to one of the wallets that belong to the Huobi exchange.
Main Korean exchange transfers 45 million XRP
Another large XRP transaction was spotted over eight hours ago. A total of 45 million XRP was transferred by the leading South Korea-based crypto exchange – the transfer of XRP worth $26,444,760 – was made between the wallets of this centralized exchange.
