FTX Allegedly Sells Millions of XRP: What’s Happening?

FTX Allegedly Sells Millions of XRP: What's Happening?

In a recent development that has caught the attention of the cryptocurrency community, AlertPeckShield reported that addresses associated with FTX and Alameda transferred approximately $12 million in cryptocurrency. This significant move included 5 vBTC, worth around $7 million, sent to Wintermute and 10 million WXRP worth $5.2 million transferred to Binance.

In a recent development that has caught the attention of the cryptocurrency community, AlertPeckShield reported that addresses associated with FTX and Alameda transferred approximately $12 million in cryptocurrency. This significant move included 5 vBTC, worth around $7 million, sent to Wintermute and 10 million WXRP worth $5.2 million transferred to Binance.

Advertisement
Related

Mon, 06/10/2024 – 13:34
Ripple CTO Issues Critical Scam Warning to XRP Army

Wrapped XRP (WXRP) is a tokenized version of XRP that exists on other blockchains, allowing XRP holders to use their assets in decentralized applications. Meanwhile, FTX and Alameda, both involved in bankruptcy proceedings, have been under scrutiny for their cryptocurrency holdings and transactions.

HOT Stories
Samson Mow Makes Crucial Statement About Bitcoin (BTC): Details
Samson Mow Makes Crucial Statement About Bitcoin (BTC): Details
The author of “Rich Dad, Poor Dad” mentions the easiest way to become a millionaire
Shiba Inu (SHIB) on Cliff’s Edge, Dogecoin (DOGE) Heading Towards $0.13, Ethereum (ETH) Really Needs This Support
Ethereum generated more revenue than Robinhood and Etsy in the first quarter

FTX’s exact remaining XRP holdings are unknown. Reports in September indicated that the bankrupt exchange had over 225 million XRP in its accounts. If the latest transfer data is accurate, the amount sent to Binance represents no more than 4.44% of the total XRP held by FTX and Alameda.

XRP Price Outlook

This transaction coincides with a notable drop in the market value of XRP. Since the start of the day, the price of XRP has fallen by more than 3.4%, falling below the key psychological level of $0.50 per XRP. This decline raises questions about possible correlations between the FTX transfer and recent price movements.

""
XRP to USD by CoinMarketCap

Related

Mon, 06/10/2024 – 10:31
XRP Attracts $1.2 Million Inflow Amid Altcoin Market Crisis

While the price drop and the large transfer may not be related, such a significant asset move could affect market sentiment. The transfer could spook investors and reinforce bearish predictions, putting further downward pressure on the price of XRP.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة