11 million XRP transfer spotted: A MAJOR transfer involving 11 million XRP, valued at around 28.11 million USD, was detected from Upbit, South Korea’s leading exchange, to an unknown wallet. This substantial Movement adds intrigue, especially given the recent activation of this wallet with just 11 XRP.
Potential accumulation by crypto whales: Withdrawals from centralized exchanges like Upbit generally imply accumulation by MAJOR investors or ‘whales.’ This transfer has drawn significant attention, potentially signifying bullish market behavior for XRP, linked with entities such as Ripple or Bitstamp.
500% XRP price increase since november 2024: The transfer aligns with an astounding 500% surge in XRP’s value since November 2024. This, complemented by recent volatility on Upbit and Korean investors’ historic interest in XRP, suggests a fertile ground for speculation and potential market shifts.