Over 29 Million XRP Transferred To Major Crypto Exchange Coinbase
Over 29 million XRP (worth over $92 million) has been transferred to major cryptocurrency exchange Coinbase, sparking interest from the crypto community. Whale Alert tracked the transfer, which involved the transfer of 29,532,534 XRP from an unknown wallet to Coinbase. While big-ticket transfers like this often signal an intention to sell, the real reasons remain unclear. The transfer is likely intended to increase Coinbase’s liquidity, especially during periods of increased trading demand. Another possibility is that this is simply a recapitalization for diversification purposes. While the exact reason remains a mystery, this significant move highlights the growing market activity in XRP.
