March 31, 2024 at 03:45 AM GST



updated:
March 31, 2024 at 03:02 AM



2 mins read



News

  • A substantial amount of 16 million XRP has been transferred from Upbit to an unknown wallet.
  • This transfer coincides with another significant movement of 18 million XRP from Upbit to an undisclosed destination.
  • Rumors of a potential settlement between Ripple and the SEC add further intrigue, potentially impacting XRP’s value.

A significant influx of 16 million XRP has been observed, originating from Upbit and moving to an undisclosed wallet. This transaction has ignited considerable speculation among digital asset enthusiasts, indicating a substantial shift in XRP holdings valued at over $10 million.


Read CRYPTONEWSLAND on
Google News
google news

In a similar development, another substantial transfer of 18 million XRP has been noted, also departing from Upbit to an unknown destination. The swift reporting of this movement by Whale Alert underscores its significance, with a value exceeding $11 million. Such large-scale transactions often pique interest, prompting discussions about potential whale involvement or strategic accumulation of XRP.

These recent transfers are part of a broader trend, with additional reports detailing the movement of 210 million XRP between undisclosed wallets. Such significant transactions typically reflect heightened interest from institutional investors or whales, reflecting confidence in XRP’s future prospects. This influx of capital may bolster optimism among traders and investors, potentially driving up demand and influencing XRP’s price trajectory.

Coinciding with these transactions are rumors circulating within the XRP community regarding a potential settlement between Ripple and the U.S. Securities and Exchange Commission (SEC). Speculation surrounding a rumored settlement conference hinted at by sources, intensifies ongoing discussions. The realization of these rumors could have far-reaching implications for XRP’s value and the broader cryptocurrency market.

Read also:

Crypto News Land (cryptonewsland.com)
, also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.