40 Million XRP Transferred to Binance as Price Surges Over 12%

A huge transfer of 40 million XRP, worth around $124.7 million, has been spotted moving to the Binance exchange, according to Whale Alert. This massive transaction raised many eyebrows in the crypto world, with many thinking it could lead to a price increase for XRP. However, data from Bithomp shows that the wallet sending the XRP is linked to Binance itself, suggesting it might just be an internal transfer rather than an external deposit. At the same time, XRP’s price jumped more than 12%, rising from $2.92 to $3.29. It then settled around $3.25.