SharpLink Gaming Acquires Additional 143,593 #ETH for $667.4 | The Crypto Basic on Binance Square

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SharpLink Gaming Acquires Additional 143,593 #ETH for $667.42M, Increasing Total Holdings to 740,760 ETH Worth $3.19B.

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#Ripple Moves 200,000,000 XRP to Unknown Address: Here’s Where the Funds Could be Heading. Further analysis shows that the sending Ripple address was the “rBg2Fu” wallet, marked as Ripple (1) on XRPScan. At exactly 17:23 (UTC) on August 18, it moved 200,000,000 XRP, worth $606.2 million, to the receiving address “rJqiMb.” While Whale Alert suggested that the recipient was an unknown address, data from XRPScan marked the address as Ripple (50), confirming it was another Ripple-affiliated wallet. This indicates that the Monday transaction was an internal XRP move by Ripple. Notably, the firm does this for several purposes, such as to provide liquidity for its settlement venture, fund institutional deals, or merely shuffle reserves. Nonetheless, the Ripple (50) address has a history of shifting received funds to another unmarked address, “raRVLN.” This wallet has usually transferred them to Binance for possible sales. As a result, while it still holds on to the stash at the time of writing, the 200M XRP received could end up on exchanges. Meanwhile, what was more speculative about the internal shift was that it came on the back of a poor start to the week by the broader crypto market. Notably, Bitcoin dumped to $114,700 on Monday as long-term holders shifted $3.7 billion in BTC. The onslaught did not spare XRP, which briefly fell below the $3 support before rebounding to trade at $3.01 at the time of writing. Notably, XRP has now dumped 21.6% from a high of $3.66 reached on July 18. Remarkably, analysts have emphasized that XRP needs to reclaim levels between $3.30 and $3.40 or face further downsides to $2.60 or even $2. Nonetheless, there is strong support at $2.81, where 1.7 billion XRP serves as a demand wall. #Crypto

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