50% Of The XRP Circulating Supply Moved To The Bitfinex Crypto Exchange? | Bitcoinist.com

On Sunday, January 14, Whale Alerts, a platform that tracks and reports large transactions on various blockchains, posted an intriguing transaction carried out on the XRP Ledger. However, unlike its usual reports, this particular one would spark a lot of discussion as it showed that 50% of the total circulating XRP supply were being sent to the Bitfinex crypto exchange – a move that could be detrimental for the crypto’s price.Attack failed since Bitfinex properly handles ‘delivered_amount’ data field.https://t.co/EiGw9UQmmq

(updated with better gif) https://t.co/8I7vlO05ou pic.twitter.com/DxOnJLLkhU

— Paolo Ardoino ???? (@paoloardoino) January 14, 2024

Featured image from Analytics Insight, chart from Tradingview.com

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Author: Scott Matherson

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