Two Mysterious XRP Whales Withdraw $20 Million from Binance
Two mysterious XRP whale addresses recently withdrew nearly 40 million XRP, totaling over $20 million, from Binance. These withdrawals occurred within the same minute interval and exhibited similar patterns. The Whale Alert Twitter account alerted the community about this activity within one minute of its occurrence. Interestingly, the two XRP whales made their withdrawals within a three-second timeframe.
Same Entity: Similar Activity and Destinations
The withdrawals’ similarity, from activation to the recent massive withdrawals, suggests that these mysterious XRP whales belong to the same entity. Additionally, both accounts have sent funds to similar destinations in short time intervals.
XRP Price Analysis
Currently, XRP is trading at $0.539 against the dollar, displaying a strong downtrend in the daily chart. This contrasts with the bullish bias of high accumulation intents observed in the mysterious XRP whale activity.
In an interview with Bloomberg, Ripple CEO Brad Garlinghouse expressed his support for an XRP ETF. However, it is important to note that this does not guarantee the arrival of an XRP ETF. Garlinghouse believes that having multiple ETFs based on different tokens would benefit both the crypto and finance markets.
Despite Garlinghouse’s statements and the significant whale accumulation, XRP’s price has not experienced a notable increase. The token continues to face challenges due to monthly dumps by Ripple.
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