Two massive crypto transactions have sparked speculation after an unknown address transferred 200M XRP ($354.6M) and 300M DOGE ($41.7M) to Binance amid a market downturn.
š The transfers coincided with a **13% drop** in both **XRP** and **Dogecoin** as Bitcoin briefly dipped below **$76K**. But thereās a twistāhereās what *really* happened.
### š **Transaction Details**
- **9:52 AM UTC**: Unknown wallet **"DU8gPC"** sent **300M DOGE** to Binance.
- **Two seconds later**: Another wallet **"rPz2qA"** moved **200M XRP** to a different Binance address.
At first glance, it looked like a **whale dumping** assets, but deeper analysis reveals the truth.
### š¦ **The Catch: It Was Binance All Along!**
- **Arkham Intelligence** confirmed the **DOGE sender** was actually a **Binance cold wallet**, and the receiver was its **hot wallet**.
- **Bithomp data** showed the **XRP sender** was also linked to **Binance**, activated in **December 2023** with **70 XRP** before storing massive amounts.
**Conclusion**: These were **internal transfers**āBinance moving funds from **cold storage to hot wallets** for liquidity, not a whale sell-off.
### ā³ **Binanceās History of Big Moves**
- **September 2023**: Binance shuffled **95M XRP ($50M)** between its wallets.
- **August 2023**: The same **XRP sending address** moved **60M XRP ($39M)** to the same receiving wallet as today.
### š **Current Prices**
- **XRP**: $1.85
- **DOGE**: $0.1452
š” **Key Takeaway**: Not every big transfer means a market dumpāsometimes, itās just exchanges managing liquidity!
#Cryptonewsdaily #XRPBEAR #DogeRocket #RiskRewardRatio #DiversifyYourAssets
ā ļø **Disclaimer**: This is **not financial advice**. Always do your own research before investing. The Crypto Basic is not responsible for any financial losses.
