$700M Worth of XRP Just Moved: Should You Be Worried?
Main Idea
A dormant whale has cashed out after XRP's recent rally, sparking discussions about profit-taking and market reactions.
Key Points
1. A long-dormant whale has decided to cash out following XRP's 73% monthly surge.
2. Large transactions like this often indicate whales repositioning or taking profits after major price movements.
3. The whale had been accumulating 2.2 billion XRP tokens in a 14-day span ending July 17.
4. The $700 million transfer has sparked discussions about FOMO (fear of missing out) and potential market corrections.
5. Despite the large transfer, it is not currently seen as a major concern for the market.
Description
TL;DR With crypto prices booming and assets charting all-time highs, certain high-profile wallets have started to move massive portions of their holdings. In one of the latest such transfers, Whale Alert noted that over $700 million worth of the third-largest cryptocurrency has been sent to another unknown wallet. 200,000,005 #XRP (700,609,232 USD) transferred from unknown wallet to unknown new wallet https://t.co/w1U8Ei5XoZ — Whale Alert (@whale_alert) July 23, 2025 Given the anonymity of the t...
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