So, here we go again! A crypto whale, you know, one of those big fish in the digital pond, just decided to dump over 26 million XRP tokens—worth a whopping $60 million—onto Coinbase. I mean, what’s the deal with that? It’s like they’re saying, “Hey, everyone! I’m about to take a big ol’ dump on this market!” 🐋💩
On June 12, at precisely 18:10:01 UTC (because, of course, we need to know the exact second), Whale Alert, the crypto version of your overly dramatic friend, flagged this massive transfer. And let me tell you, it raised more eyebrows than a bad haircut. This all happened while the market was supposedly on a bull run. Talk about a plot twist! Investors are now glued to their screens like it’s the season finale of their favorite show. 📺
🚨 🚨 🚨 26,671,734 #XRP (59,925,621 USD) transferred from unknown wallet to #Coinbase
— Whale Alert (@whale_alert) June 12, 2025
Now, this transfer was executed by an unknown wallet. Mysterious, right? It’s like a magician pulling a rabbit out of a hat, except the rabbit is a potential sell-off. The XRP community is sweating bullets, and who can blame them? It’s like watching a horror movie where you know something bad is about to happen. 😱
And just to add some extra spice to this already sizzling situation, over $9.51 million in long positions got liquidated in the derivatives market. That’s right, folks! It’s like a domino effect of doom, indicating that trader sentiment is about as cheerful as a rainy day. 🌧️
Oh, and let’s not forget the déjà vu! Remember May 9? Yeah, 230,770,000 XRP was transferred between two unknown wallets, and the entire crypto community lost its collective mind. Now, here we are again, with XRP price dropping over 2%. It’s like a bad sequel that nobody asked for. 🎬
Also read : US Declares Ripple’s XRP will Replace the Dollar: Fact Check
Read More
2025-06-13 01:41