Speculations are arising as a result of a massive movement of 60 million XRP by a solitary whale to two cryptocurrency exchanges. This action has sparked discussions and theories about its potential impact, ranging from strategic sales to Ripple’s management of liquidity. According to Whale Alert, a notable entity in tracking large cryptocurrency transactions, the aforementioned whale transferred approximately 60 million XRP to two crypto exchanges. It is worth mentioning that this whale has been consistently moving substantial amounts of XRP to these exchanges in recent days as well. Specifically, the whale identified as “r4wf7…. h4Rzn” shifted around 31.87 million XRP, equivalent to approximately $16.65 million, to the Bitso exchange. Furthermore, the same XRP whale also transferred roughly 28.85 million XRP, valued at approximately $15.09 million, to the Bitstamp exchange.
