Staggering amount of XRP has been transferred from largest crypto exchange by anonymous holders
The Whale Alert blockchain tracking service has spread the word about a massive lump of 350 million XRP dumped from the Binance exchange.
Whales and exchanges move 465 million XRP
This amount of crypto is worth a whopping $134,818,654. The transaction was made on Nov. 16.
Overall, XRP whales have been quite active over the past few days; A total of nearly half a billion Ripple-affiliated tokens were transacted on Wednesday. This includes the above transfer from Binance.
Earlier today, Whale Alert also spotted three transactions, carrying a total of 115 million XRP in lumps of 30 million and 40 million coins.
Data provided by XRP-focused Bithomp said that 350 million were transferred by Binance. In addition, the Kraken exchange moved 30,000,000 internally, as well as Ripple’s Mexico-based ODL platform Bitso. The latter moved 40,200,000 XRP between his wallets.
A total of 45,000,000 coins was wired from a Bittrex wallet to Bitso exchange. This makes a total of 465 million XRP transferred in the past 24 hours, per Whale Alert data.
“If Binance Collapses, It’s Pretty Much Game Over”: Doge Creator
Dogecoin co-founder Billy Marcus has yet another comment on the recent collapse after FTX Exchange founder Sam Bankman-Fried filed for bankruptcy.
Markus tweeted that should the same happen to Binance exchange or even to Tether stablecoin, this would be a deadly blow to the cryptocurrency market — “If either does, it’s pretty much game over” is how he chose to put this.
He tweeted that the entire crypto market is highly centralized, which makes it quite vulnerable.
As a reminder, there was a moment when Binance offered a bailout to FTX, and CZ singed a nonbinding letter of intention, leaving himself a chance to withdraw from the deal at any moment. He did so when he realized that the problems of the exchange are beyond Binance’s ability to help.
