Massive Whale Stuns XRP Army With Multimillion Tokens Transfer to Coinbase
2025-07-08 19:11:16
Main Idea
A whale transferred 50.5 million XRP (worth $115.3 million) to Coinbase, sparking speculation about its impact on XRP's price and market sentiment, though the token's price remained relatively stable.
Key Points
1. A massive transfer of 50.5 million XRP (valued at $115.3 million) to Coinbase was detected, raising questions about its implications for XRP's price.
2. Despite initial concerns, XRP's price remained stable, dipping slightly below $2.30 but showing resilience.
3. The motive behind the transfer is unclear, with theories ranging from profit-taking to institutional accumulation.
4. Previous large transfers, like the 26.6 million XRP move in June, did not significantly disrupt the market, suggesting potential stability.
5. Market sentiment remains mixed, with some investors cautious about a possible sell-off while others see potential for bullish momentum.
Description
The XRP community was jolted this week by a major on-chain transaction that saw a staggering 50.5 million XRP, valued at approximately $115.3 million, transferred to Coinbase. The move, first reported by prominent crypto enthusiast Xaif on X, has reignited speculation about potential whale activity and its implications for the token’s price trajectory. The Whale Transfer: Signal or Noise? The transaction was confirmed by blockchain tracking service Whale Alert and quickly drew attention due to i...
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