Ripple Whale Alert: 20 million XRP transferred to Bitfinex. For selling?

After being bearish from more than a month, the cryptocurrency market has started to recover from the last three days with major cryptocurrencies such as bitcoin rising more than 25% in the last three days. All top 10 altcoins are green colored today with bitcoin cash rising more than 57% in the last 24 hours except for XRP which is still in a 1% loss since yesterday. Ripple is trading around $0.367 according to CoinGecko Chart. Around three hours back 20 million Ripple were transferred to Bitfinex exchange which may be for selling in order to invest in some other digital asset which is in a bullish phase. Here are the details of the transaction:

Around $7.5 million worth of Ripple (20,000,000 XRP) transferred from unknown wallet to Bitfinex:

https://bithomp.com/explorer/BE596BF80F52E38786D2092F29358927042C42EF10DE208CC42C585BB5B5A531

The following article is not financial advice. The readers are advised to do thorough research and analysis before making any investment decisions in the cryptocurrency market which is extremely volatile.

Janet F. Sanchez

Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.

Recent Posts

SEC says KIK Violated the Federal Securities Law

The U.S. Securities and Exchange Commission (SEC) is on the tail of Kik Interactive, a social media platform who sold…

1 day ago

Hong Kong Finally Suspends China Extradition Bill

Carrie Lam, Hong Kong's Chief Executive announced an indefinite suspension of a debate pertaining to a bill that will allow…

1 day ago

Following Binance, Bittrex closing Altcoins markets for US citizens

After Binance's announcement on June 14, 2019, that its U.S. customers will no longer be able to trade on Binance.com…

1 day ago

Litecoin Price Analysis, 15th June: Bulls Taking Charge

LTCUSD Dominant Trend: Bullish Resistance Levels: $150, $170, $190 Support Levels: $105, $85, $65   Litecoin Price Analysis Litecoin price…

2 days ago

Ethereum Price Analysis, 15th June: ETH Bulls Targeting $300

ETHUSD Dominant Trend: Bullish Resistance Levels: $280, $300, $320 Support Levels: $220, $200, $180 Ethereum Price Analysis Ethereum price has…

2 days ago

Bitcoin Price Analysis, 15th June: BTC to USD Still Bullish

Bitcoin is trading at $8,650, after an upward trend of 4.7% on Friday. Bitcoin and Ethereum are the only important…

2 days ago

This website uses cookies.