Blockchain trackers spotted two transfers of 120 million XRP each on November 15, totaling approximately $215 million. The tokens moved through three unlabeled wallet addresses within minutes, with none linked to exchanges or Ripple's escrow system. The movements were classified as a rotation by monitoring services.
XRP dropped to $0.89 that day, marking its lowest price in two years before bouncing back to $0.963. The decline followed nearly $20 million in net outflows from U.S. spot XRP ETFs during the previous week. Since the coins did not reach an exchange, analysts say the transfers do not clearly indicate immediate selling pressure.
Read the full story on BSC News: Whale Alert Flags Two 120 Million XRP Transfers Worth $215 Million as Price Hits Two-Year Low
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