Whale Sends 25.5 Million #XRP to Exchange, Price Actually Rises 1.6%**
A mysterious wallet has recently sent 25.5 million #XRP or about US$56 million to the Coinbase platform. However, surprisingly, instead of causing the price to plummet, the value of #XRP actually rose by 1.6% in the last 24 hours, Tuesday (01/07).
This is because large transfers to exchanges are seen as a signal of potential massive selling.
On the other hand, this situation also arises amid positive news from Ripple, which has finally halted its legal appeal against the SEC. Moreover, speculation about the possibility of an XRP ETF further strengthens the optimism of this crypto asset community.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*