U.Today – Prominent blockchain monitoring service Whale Alert, which tracks large cryptocurrency transfers and shares details on its website and official X account, has spotted a massive amount of XRP landing on the world’s leading exchange, Binance.
Meanwhile, the third largest cryptocurrency by market capitalization, XRP, saw an impressive increase that exceeded 12%.
40,000,000 XRP transferred to Binance
The aforementioned data aggregator shows that less than four hours ago, Binance witnessed an enormous deposit totaling 40,000,000 XRP, valued at a whopping $124,788,255. The transaction was initiated by an unknown blockchain address.
The cryptocurrency community reacted, leaving numerous comments under the tweet. Many took this large XRP transfer as a bullish sign.
However, data shared by XRP-focused researcher Bithomp shows that the anonymous wallet, which made the XRP transfer, was linked to the Binance exchange. Therefore, it is highly likely that this was just an internal transfer, as Binance reorganized its XRP holdings and distributed them to new wallets.
XRP is rising, following a new ATH
Meanwhile, today, Monday, January 20, the price of XRP showed an incredible surge, soaring by more than 12%. The third largest cryptocurrency jumped from $2.92 to $3.29. So far, the price has dropped a bit, with the coin changing hands at $3.25.
That jump in price comes after the 9.21% drop that XRP faced on Sunday. Today, however, XRP, along with the rest of the cryptocurrency market, has followed the trajectory of Bitcoin. The world’s primary cryptocurrency jumped to a new all-time high of $109,114, reached two hours ago.
CTO reacts to Gensler’s departure from the SEC
Over the weekend, Ripple’s Chief Technology Officer (CTO) David Schwartz commented on Gary Gensler leaving the office of the US Securities and Exchange Commission on Friday. He responded to a tweet from an XRP enthusiast; the latter questioned whether or not the community should expect a new “crypto enemy” now that Gensler is gone.
Schwartz replied that this is not necessarily the case, and that a new “crypto enemy” may never appear – in which case crypto enthusiasts may start attacking each other. Ripple’s CTO warned the XRP community against doing so, saying it’s worth saving energy to fight a new enemy if it ever appears.
