South Korea Is Flipping the Switch on XRP: Details
Main Idea
A significant XRP transaction worth $61 million occurred on the South Korean exchange Upbit, indicating potential institutional-level interest in XRP.
Key Points
1. A single transaction of 19 million XRP (worth ~$61M) was recorded from Upbit to an unknown address, suggesting large-scale institutional activity.
2. Crypto analyst X Finance Bull highlighted the transaction as a sign of 'deep-pocket conviction' rather than retail trading.
3. Community reactions, such as from X user ArmyGoo589, interpreted the move as institutional confidence in XRP's growing traction.
4. Upbit is noted as a high-volume trading hub for XRP, reinforcing the significance of the transaction.
5. The event has sparked discussions about XRP's market activity and potential institutional adoption.
Description
Crypto enthusiast X Finance Bull has recently reported a significant XRP transaction on the South Korean exchange Upbit . In his post, he wrote, “I told you South Korea would flip the switch on XRP. A single whale just dropped $61M in one transaction — 19 MILLION XRP from Upbit. This isn’t retail… this is deep-pocket conviction. Still think you have time?” His remarks framed the move as a deliberate allocation by a large-scale holder, suggesting it reflects strong confidence in XRP rather than s...
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