- Whale Alert reported that Binance, the largest crypto exchange, recently withdrew 45.6 million XRP, worth approximately $27.1 million, to unknown wallets.
- However, further analysis reveals these transfers are likely internal fund reallocations rather than transactions involving external crypto whales.
Whale Alert has reported two significant XRP transfers from Binance, the largest cryptocurrency exchange by daily volume. The transfers, valued at approximately $27.1 million, involved a total of 45.6 million XRP.The transactions, which were worth around $13.5 million each, were made to wallets that remain unidentified. This move has sparked speculation that large crypto investors, or “whales,” might be resuming their XRP accumulation after a period of reduced activity.However, further investigation by XRP-focused explorer Bithomp reveals that the wallets receiving these XRP assets are also connected to Binance. This suggests that the massive transfers are part of an internal fund reallocation rather than external whale activity.