PK Press Club – Prominent blockchain tracking service Whale Alert, which monitors large cryptocurrency transfers and shares details on its website and official X account, has spotted a considerable amount of XRP landing on the the world’s leading exchange, Binance.
Meanwhile, the third largest cryptocurrency by market capitalization, XRP, saw an impressive rise that exceeded 12%.
40,000,000 XRP sent to Binance
The aforementioned data aggregator shows that less than four hours ago, Binance witnessed a huge deposit totaling 40,000,000 XRP, valued at an incredible $124,788,255. The transaction was initiated by an unknown blockchain address.
The cryptocurrency community reacted, leaving numerous comments under the tweet. Many viewed this large XRP transfer as a bullish sign.
However, data shared by XRP-focused explorer Bithomp shows that the anonymous wallet, which carried out the XRP transfer, was linked to the Binance exchange. Therefore, it is most likely that this is simply an internal transfer, since Binance has been reshuffling its XRP holdings and splitting them across new wallets.
XRP soars, following the new ATH of
Meanwhile, today, Monday, January 20, the price of XRP made a stunning jump, soaring by over 12%. The third-largest cryptocurrency rose from $2.92 to $3.29. Currently, the price has dropped slightly and the coin is changing hands at $3.25.
This price surge came after the 9.21% drop that XRP faced on Sunday. However, today, XRP, along with the rest of the cryptocurrency market, has followed the trajectory of Bitcoin. The world’s leading cryptocurrency has soared to a new all-time high of $109,114, reached two hours ago.
CTO reacts to Gensler’s departure from SEC
Over the weekend, Ripple Chief Technology Officer (CTO) David Schwartz commented on Gary Gensler’s departure from the office of the United States Securities and Exchange Commission on Friday. He responded to a tweet from an XRP enthusiast; the latter asked whether the community should expect a new “crypto enemy” now that Gensler is gone or not.
Schwartz responded that this is not necessarily the case and that the new “crypto enemy” might never appear – and in that case, crypto fans might start attacking each other. Ripple’s CTO warned the XRP community against this, saying that it is worth saving energy to fight a new enemy if it ever appears.
