This transaction took place after $XRP crashed by 16.25% this morning. However, by now, it has rebounded, going up by 8.97%. At press time, XRP is changing hands at $1.76055 per coin.
This transaction sparked a heated discussion in the comments thread as to the nature of this deposit. Some users believe that the anonymous whale is dumping XRP as the market is facing a bloodbath at the moment. Statements like these filled the comment space:
“Here's the dump!” “Big move,” “Sell them all, we'll buy them!!!” and “They are selling.” The reality, though, proved to be much more prosaic — Whale Alert also revealed the details of the transaction, which makes it clear that the “anonymous” wallet also belonged to Binance, which makes it an internal transfer as Binance is reshuffling its vast XRP holdings.
