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Crypto Whale Transfers Over 32M XRP To Bithumb Crypto Exchange

Published 11/29/2023, 06:06 PM
Updated 11/29/2023, 06:15 PM
© Reuters.  Crypto Whale Transfers Over 32M XRP To Bithumb Crypto Exchange

  • Whale Alert spotted a transfer of 32,078,901 XRP to Bithumb from an unknown wallet.
  • The transaction happened at 05:15:10 UTC on Wednesday, November 29, according to Whale Alert.
  • TradingView data shows XRP is approaching a breakout from a symmetrical triangle on the daily chart.

Whale Alert, blockchain tracker and analytics system for reporting whale crypto transactions, reported that an XRP holder recently transferred 32,078,901 XRP, equivalent to $19,557,285, from an unknown wallet to the Bithumb crypto exchange. Transactions of such magnitude are considered whale transactions and are usually suspected to be intentional.

Notably, the transaction’s details on Whale Alert’s platform show it happened at 05:15:10 UTC on Wednesday, November 29. At the time, the XRP/USD price reflected minimal volatility as it traded sideways and was approaching a breakout from a symmetrical triangle on the daily chart, according to data from TradingView.

XRPUSD Daily Chart on TradingView

From a historical perspective, cr…

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