XRP Whale Dumps 56M XRP Coins Amidst Turbulent Performance

The post XRP Whale Dumps 56M XRP Coins Amidst Turbulent Performance appeared first on Coinpedia Fintech News

A renowned XRP whale has offloaded nearly 56 million XRP into centralized exchanges in the past 24 hours. The first transaction of 30.08 million XRP, worth $15.63 million was moved to Bitso, while the second transaction of 25.8 million XRP worth $13.40 million was transferred to Bitstamp. The transfers highlight the presence of selling pressure, which could potentially hinder XRP’s price performance. Moreover, XRP liquidations worth $4.72 million were also noted in the past 24 hours, adding to its turbulent performance.