A major XRP holder has executed a significant transaction, moving 26.5 million XRP—valued at $67.65 million—to Binance after holding the asset for 2.3 years. On-chain data from Onchain Lens reveals that between April and November 2022, this investor acquired 25.12 million XRP from Binance at an average price of $0.429, spending approximately $10.77 million. During this period, the whale contributed their holdings to a liquidity pool with Binance Coin (BNB), accumulating an additional 1.38 million XRP. With the asset experiencing renewed market activity, the investor has chosen to exit, securing an estimated $56.87 million in profits. The timing of this large deposit suggests a potential shift in sentiment among major XRP holders, particularly as significant policy changes take effect in the U.S. crypto landscape. XRP Sell-Off Aligns with U.S. Digital Asset Strategy The whale’s Binance transfer happened just one day after the U.S. government released finalized documents detailing its approach to managing its Digital Asset Stockpile and establishing a Bitcoin Strategic Reserve . This development has fueled concerns about the potential treatment of the token and other cryptocurrencies under the new framework. The policy grants Bitcoin special protection from liquidation, ensuring that any BTC added to the reserve cannot be sold. In contrast, XRP and other digital assets do not have the same safeguards, leaving them vulnerable to potential sell-offs at the discretion of the U.S. Treasury. The lack of restrictions on liquidating these assets introduces uncertainty that could influence market behavior. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Market Implications and Investor Sentiment The decision by this long-term XRP holder to cash out at this moment has led to speculation regarding its motives. While profit-taking is likely a key factor, the withdrawal coincides with growing concerns about XRP’s regulatory standing and role in the broader crypto market. Historically, policy changes have influenced market dynamics, and the uncertainty surrounding XRP’s future treatment could be a contributing factor in large holders reconsidering their positions. If major investors anticipate potential government intervention or forced liquidations, they may opt to secure profits now rather than face the risk of increased volatility later. Although this single transaction does not necessarily indicate a larger trend, it highlights the ongoing regulatory uncertainties surrounding XRP. Whether other long-term holders will follow suit remains to be seen, but market participants will likely continue monitoring whale activity and policy developments for further signals. This recent whale transaction underscores XRP’s market resilience and the evolving regulatory landscape that could impact its future. With Bitcoin receiving special protections under the new U.S. policy while XRP remains exposed to potential sell-offs, investors are now assessing the long-term implications. As institutional and retail sentiment fluctuates, The token’s price movement will likely be influenced by regulatory clarity, whale activity, and broader market trends in the coming months. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Long Term XRP Whale Hits Binance appeared first on Times Tabloid .
