Binance’s Massive 200 Million XRP Transfer Sparks Market Chatter

A significant transaction involving 200 million XRP, valued at over $355 million, has been detected by blockchain monitoring service Whale Alert. This transfer, initially thought to be a whale unloading their assets onto Binance, saw the tokens move from an unknown wallet to the exchange’s own account. This raised concerns among the XRP community, particularly given the recent 16 percent drop in XRP’s price.