Speculations are arising due to the movement of 60 million XRP by a solitary whale to two cryptocurrency exchanges. Experts are questioning the possible impacts of this maneuver, ranging from strategic sales to Ripple’s liquidity management strategy. According to Whale Alert, the whale in question transferred around 60 million XRP to two crypto exchanges. It is worth noting that this same whale has been moving substantial amounts of XRP to these exchanges in recent days. The whale, identified as “r4wf7…. h4Rzn” in the report, shifted roughly 31.87 million XRP, equivalent to approximately $16.65 million, to the Bitso exchange. In addition, the same XRP whale moved approximately 28.85 million XRP, worth about $15.09 million, to the Bitstamp exchange.
