As per data from the crypto transaction tracker service Whale Alert, two sizable XRP transactions have been spotted on the chain during the past day. The first of these transfers involved a movement of just under 50 million coins, worth around $18.8 million at the time of the transaction. Such large transfers are usually a sign of activity from either a single whale or an entity made up of multiple large investors.

Movements from these humongous holders can sometimes have noticeable impacts on the market, but which way the price would swing depends on the intent behind their move.

(By Hououin Kyouma)

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