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200 Million XRP Transferred Amidst Cryptocurrency Market Downturn!

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By on August 28, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post 200 Million XRP Transferred Amidst Cryptocurrency Market Downturn! appeared first on Coinpedia Fintech News

According to reports from WhaleAlert, Nearly 200 million XRP have changed hands in the last 10 hours, equivalent to $110.12 million. The action took place in two acts, as the first 100 million tokens left the wallet of “rP4X2” to “rhWt2.” The next act was 10 hours later, when another 94.33 million XRP, worth approximately $53.66 million, were sent from “rn8om” to “rnTxM.” notably, all the addresses belong to unknown entities. Interestingly, the transaction took place amidst a cryptocurrency market downturn, where bullish traders saw losses amid liquidations of over $150 million in a few hours. 

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