🐋 MORE THAN 1.35 BILLION $XRP LEFT EXCHANGE: WHAT IS THE WHALE RIPPLE DOING? 💰
A massive on-chain transaction has just been recorded: Approximately 1.35 billion XRP has been withdrawn from centralized exchanges (CEX) and transferred to unidentified wallets. This is a sign of strong accumulation activity from the Ripple Whale.
💥 The Significance of Withdrawing from Exchanges
Reducing Selling Pressure: When a large amount of XRP is withdrawn from exchanges, it reduces the available supply of XRP for sale in the open market.
Accumulation Signal: This is a classic Bullish signal. Whales often transfer assets to cold wallets or personal wallets for long-term storage, indicating confidence in the price appreciation potential of $XRP. They have no intention of selling in the short term.
🔑 Purpose of the Whale
Preparing for a Rally: This move often occurs right before or during the preparation phase for a significant price increase. By reducing supply on the exchange, Whales create a more favorable environment for price increases when buying pressure emerges.
Managing Ripple Assets (Capability): Although such a large number of tokens may relate to the periodic fund management activities of Ripple itself, if it's a move by private Whales, it is clear evidence that the demand for accumulating XRP is high.
👉 In summary: The withdrawal of 1.35 billion XRP from the exchange is a strong optimistic signal. Whales are "locking" assets, reinforcing price foundations, and preparing for XRP to explode in the next cycle.
