{"id":605212,"date":"2024-04-26T18:30:08","date_gmt":"2024-04-26T18:30:08","guid":{"rendered":"https:\/\/wncen.com\/?p=605212"},"modified":"2024-06-11T07:08:52","modified_gmt":"2024-06-11T07:08:52","slug":"xrp-whales-active-where-sending-coins","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-whales-active-where-sending-coins\/","title":{"rendered":"XRP Whales Are Active: Here’s Where They Are Sending Coins"},"content":{"rendered":"

On-chain data shows the XRP whales have been active during the past day. Here are the destinations their moves have been heading to.<\/p>\n

XRP Whales Have Moved Around Big Amounts In Last 24 Hours<\/h2>\n

According to data from the cryptocurrency transaction tracker service Whale Alert<\/a>, several large XRP transactions have been witnessed on the blockchain in the past day.<\/p>\n

More specifically, five transfers in total that are of scale often attributed to the whales<\/a> have occurred on the network inside this window. Since whale transactions involve the transfer of a significant sum of capital, they can sometimes cause fluctuations in the market.<\/p>\n

Related Reading: 85% Of Altcoins In \u201cOpportunity Zone,\u201d Santiment Reveals<\/a><\/div>\n

The implications any whale transfers might have for the market depend on their intent. However, the exact purpose behind any transfer can be hard to ascertain. Nonetheless, the address details of the transaction may provide at least some hints about the context surrounding it.<\/p>\n

First, here are the details regarding the oldest XRP whale transfer from the past day:<\/p>\n

\"XRP<\/p>\n

Looks like this massive move only required a minute fee of  0.000015 XRP to be possible | Source: Whale Alert<\/a><\/pre>\n
As is visible above, this transaction involved the movement of 29.74 million XRP, worth $15.7 million at the time of the transfer. The sender was an unknown wallet, likely a whale’s address.<\/p>\n
On the other hand, the receiver was a wallet attached to a known centralized platform: the cryptocurrency exchange Bitso. Thus, the whale here made a deposit to the exchange from their personal address.<\/p>\n
Investors usually make such transactions whenever they want to use one of the services platforms like these provide, including selling. As such, exchange inflows can prove to be bearish for the price.<\/p>\n
The second-oldest whale transaction from the past 24 hours was also an exchange inflow, this one towards Bitstamp<\/a>. Interestingly, the sending address for this one was the same as the Bitso deposit, so the same whale was probably behind both of these moves.<\/p>\n
The large investor shifted 27,430,000 XRP ($14.5 million) to the exchange in this second move. Naturally, if the whale has made these large moves for selling, they could be a bad sign for the asset’s price.<\/p>\n
Though, perhaps fortunately for the XRP investors, two exchange outflows have also occurred recently, which may cancel out these inflows. Below are the details of the two larger withdrawals.<\/p>\n
\"XRP<\/p>\n
The addresses involved in the first of the whale exchange withdrawals today | Source: Whale Alert<\/a><\/pre>\n
In this move, a whale took out around 26.67 million XRP ($14 million) from Binance. Today’s exchange outflow also involved Binance, with another 20.85 million tokens ($10.6 million) leaving the platform.<\/p>\n
The fifth and final transfer was the largest during the past day at a whopping 100 million XRP ($53 million), but this move involved unknown wallets on both sides so it’s impossible to say why the move would have been made.<\/p>\n
Related Reading: Bitcoin Forms Death Cross & TD-9 Sell Signal: Brace For Impact?<\/a><\/div>\n
The reason could have been anything, from a change of wallets to selling through over-the-counter (OTC) means.<\/p>\n
XRP Price<\/h2>\n
XRP had recovered to $0.57 earlier in the week, but it appears that the coin has lost this progress; it’s back at $0.52 now.<\/p>\n
\"XRP<\/p>\n
The price of the asset appears to have seen a decline over the last few days | Source: XRPUSD on TradingView<\/a><\/pre>\n
Featured image from Ole Kloth on Unsplash.com, whale-alert.io, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows the XRP whales have been active during the past day. Here are the destinations their moves have been heading to. XRP Whales Have Moved Around Big Amounts In Last 24 Hours According to data from the cryptocurrency transaction tracker service Whale Alert, several large XRP transactions have been witnessed on the blockchain in the past day. More specifically, five transfers in total that are of scale often attributed to the whales have occurred on the network inside this window. Since whale transactions involve the transfer of a significant sum of capital, they can sometimes cause fluctuations in the market. Related Reading: 85% Of Altcoins In \u201cOpportunity Zone,\u201d Santiment Reveals The implications any whale transfers might have for the market depend on their intent. However, the exact purpose behind any transfer can be hard to ascertain. Nonetheless, the address details of the transaction may provide at least some hints about the context surrounding it. First, here are the details regarding the oldest XRP whale transfer from the past day: Looks like this massive move only required a minute fee of 0.000015 XRP to be possible | Source: Whale Alert As is visible above, this transaction involved the movement of 29.74 million XRP, worth $15.7 million at the time of the transfer. The sender was an unknown wallet, likely a whale’s address. On the other hand, the receiver was a wallet attached to a known centralized platform: the cryptocurrency exchange Bitso. Thus, the whale here made a deposit to the exchange from their personal address. Investors usually make such transactions whenever they want to use one of the services platforms like these provide, including selling. As such, exchange inflows can prove to be bearish for the price. The second-oldest whale transaction from the past 24 hours was also an exchange inflow, this one towards Bitstamp. Interestingly, the sending address for this one was the same as the Bitso deposit, so the same whale was probably behind both of these moves. The large investor shifted 27,430,000 XRP ($14.5 million) to the exchange in this second move. Naturally, if the whale has made these large moves for selling, they could be a bad sign for the asset’s price. Though, perhaps fortunately for the XRP investors, two exchange outflows have also occurred recently, which may cancel out these inflows. Below are the details of the two larger withdrawals. The addresses involved in the first of the whale exchange withdrawals today | Source: Whale Alert In this move, a whale took out around 26.67 million XRP ($14 million) from Binance. Today’s exchange outflow also involved Binance, with another 20.85 million tokens ($10.6 million) leaving the platform. The fifth and final transfer was the largest during the past day at a whopping 100 million XRP ($53 million), but this move involved unknown wallets on both sides so it’s impossible to say why the move would have been made. Related Reading: Bitcoin Forms Death Cross & TD-9 Sell Signal: Brace For Impact? The reason could have been anything, from a change of wallets to selling through over-the-counter (OTC) means. XRP Price XRP had recovered to $0.57 earlier in the week, but it appears that the coin has lost this progress; it’s back at $0.52 now. The price of the asset appears to have seen a decline over the last few days | Source: XRPUSD on TradingView Featured image from Ole Kloth on Unsplash.com, whale-alert.io, chart from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":605267,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[4531,87733,92171,92172,92170,92169,86043,10972],"class_list":["post-605212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-xrp","tag-xrp-accumulation","tag-xrp-buying","tag-xrp-selling","tag-xrp-transfers","tag-xrp-whale-moves","tag-xrp-whales","tag-xrpusd"],"acf":[],"yoast_head":"\nXRP Whales Are Active: Here's Where They Are Sending Coins<\/title>\n<meta name=\"description\" content=\"On-chain data shows the XRP whales have been active during the past day. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Whales Are Active: Here’s Where They Are Sending Coins","url":"http:\/\/wncen.com\/news\/ripple\/xrp-whales-active-where-sending-coins\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-whales-active-where-sending-coins\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/ole-kloth-JyADr5qzWAs-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/ole-kloth-JyADr5qzWAs-unsplash.jpg?fit=6000%2C4000"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["xrp","xrp accumulation","xrp buying","xrp selling","xrp transfers","xrp whale moves","xrp whales","xrpusd"],"dateCreated":"2024-04-26T18:30:08Z","datePublished":"2024-04-26T18:30:08Z","dateModified":"2024-06-11T07:08:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Whales Are Active: Here’s Where They Are Sending Coins\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-whales-active-where-sending-coins\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-whales-active-where-sending-coins\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/ole-kloth-JyADr5qzWAs-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/ole-kloth-JyADr5qzWAs-unsplash.jpg?fit=6000%2C4000\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"xrp\",\"xrp accumulation\",\"xrp buying\",\"xrp selling\",\"xrp transfers\",\"xrp whale moves\",\"xrp whales\",\"xrpusd\"],\"dateCreated\":\"2024-04-26T18:30:08Z\",\"datePublished\":\"2024-04-26T18:30:08Z\",\"dateModified\":\"2024-06-11T07:08:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/ole-kloth-JyADr5qzWAs-unsplash.jpg?fit=6000%2C4000","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/605212"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=605212"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/605212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/605267"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=605212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=605212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=605212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}