"Withdrawal of 120 million Ripple (XRP) from Binance to external wallet... approximately 406.6 billion KRW"
Minseung Kang
- 120 million Ripple (XRP) was withdrawn from Binance to an external wallet, amounting to approximately 406.6 billion KRW.
- It was reported that 800 million XRP was moved out of Binance twice.
- The large withdrawal of a specific coin from an exchange can increase the possibility of a price rise for that coin.
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120 million Ripple (XRP) was withdrawn from Binance to an external wallet. This amounts to 283.01 million USD (approximately 406.6 billion KRW).
According to Whale Alert, a cryptocurrency transaction tracking site, around 10 PM on the 16th, 800 million XRP was withdrawn from Binance to an external wallet. Earlier, around 3 PM on the same day, another 800 million XRP was withdrawn from Binance to an external wallet.
It is generally known that the more a specific coin is withdrawn from a cryptocurrency exchange, the higher the possibility of a price increase for that coin.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
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