{"id":69736,"date":"2024-01-24T14:54:39","date_gmt":"2024-01-24T18:54:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=69736"},"modified":"2024-01-26T18:24:15","modified_gmt":"2024-01-26T22:24:15","slug":"whales-transfer-269-million-xrp-tokens-in-three-transactions","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/whales-transfer-269-million-xrp-tokens-in-three-transactions\/","title":{"rendered":"Whales Transfer 269 Million XRP Tokens in Three Transactions"},"content":{"rendered":"\n

Whale Alert documented the transfer of 25,000,000 XRP tokens<\/a> from Bitvavo to an unidentified new wallet for $12 million.<\/p>\n\n\n\n

\"Whales
Whales Transfer 269 Million XRP Tokens in Three Transactions<\/figcaption><\/figure>\n\n\n\n

Some of the whales are engaged in high-value transactions. In contrast, the legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> seems to be taking on a new direction in light of recent conflicts over access to financial statements and the revelation of XRP sales.<\/p>\n\n\n\n

XRP Price Rallies?<\/h2>\n\n\n\n

After a transfer of $15.45 million worth of XRP tokens occurred on January 23, 2024, the whales have resumed their activities through new transactions. <\/p>\n\n\n\n

A whale address reportedly transmitted more than 29 million XRP to CEX, based in Luxembourg City, according to reports. This occurred amid analyst forecasts that the token's price would rise due to purchasing signals. Additionally, it was stated that a bull run is anticipated for the token in February, given that 2024 could be an excellent year for tokens.<\/p>\n\n\n\n

Whale Alert documented the transfer of 25,000,000 XRP tokens from Bitvavo<\/use><\/svg><\/span><\/a> to an unidentified new wallet for $12 million. Subsequently, two additional XRP token transfers occurred, each involving 121,399,830 tokens and 123,112,280 tokens for 269 million tokens.<\/p>\n\n\n\n

ETF Approval for XRP?<\/h3>\n\n\n\n

Nevertheless, the prevailing sentiment in the cryptocurrency market has been pessimistic since the US SEC approved the spot Bitcoin ETF, providing investors and traders with an unexpected outcome regarding the Bitcoin (BTC) Price uptrend. <\/p>\n\n\n\n

The ongoing legal dispute between Ripple and the SEC presents a challenging situation for market participants anticipating the possible approval of the spot XRP ETF, given the growing anticipation for the imminent approval of the spot Ethereum (ETH).<\/p>\n","protected":false},"excerpt":{"rendered":"

Whale Alert documented the transfer of 25,000,000 XRP tokens from Bitvavo to an unidentified new wallet for $12 million. Some of the whales are engaged in high-value transactions. In contrast, the legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple seems to be taking on a new direction in light of […]<\/p>\n","protected":false},"author":53,"featured_media":64432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[5495,5490,5607,18092],"class_list":["post-69736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripples-news","tag-crypto-2","tag-ripple-2","tag-xrp-2","tag-xrp-token"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/XRP-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/69736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=69736"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/69736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/64432"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=69736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=69736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=69736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}