Massive XRP Transfer Sparks Speculation as 30 Million Tokens Head to Coinbase

A significant transfer of over 29 million XRP, worth around $68.7 million, has been made from an unknown wallet to Coinbase. This large-scale transaction was revealed by Whale Alert on April 28th and is already causing ripples in the crypto market. Experts are observing potential sell pressure due to this move, particularly because of its destination being a prominent exchange like Coinbase. When whales offload assets in bulk, it often leads to increased market volatility and short-term price drops.