🚨 Attention, crypto world! A whopping $59,925,621 worth of XRP has been transferred to Coinbase in a blink of an eye, leaving everyone stunned. 😲
According to the blockchain data tracker Whale Alert, “26,671,734 XRP worth $59,925,621 was transferred from an unknown wallet to Coinbase.” 🕵️♂️
Now, whether this is a sign of selling or just a reshuffling of funds, nobody knows. But one thing’s for sure, it’s got everyone talking! 🗣️
XRP price in red 📉
XRP price is currently trading in the red, down 5.24% in the last 24 hours to $2.13. 📉 The broader crypto market is facing intense selling pressure, causing a loss of the daily SMA 50 at $2.28 and reaching a low of $2.08 in the early Friday session. 😰
Crypto markets are reporting significant losses, with over $1.16 billion in liquidations wiping out leveraged positions across major exchanges. This marks one of the bloodiest days in recent months. 🩸
CoinGlass data suggests 248,624 traders were liquidated in 24 hours, with long traders taking the brunt of the losses, accounting for over $1 billion. This indicates overly optimistic positioning after a week of bullish sentiment. 🐂
Optimism remains 🌞
XRP is gaining attention for its growing footprint in corporate treasuries. Webus International ($300 million), VivoPower ($121 million), and Wellgistics ($50 million) have together set aside more than $470 million in XRP for their treasury strategy. 💼
The SEC and Ripple have jointly filed a motion to dissolve the injunction in their case and release the $125 million civil penalty. $50 million would go to the SEC, with the remaining $75 million refunded to Ripple based on the proposal. The action aims to resolve remaining appeals in the Second Circuit and prevent extending the matter into another year of judicial battling. ⚖️
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2025-06-13 15:00