Whale Transfers 26.5 Million XRP to Binance After 2.3 Years, Eyeing $56.87 Million Profit

On March 7th, COINOTAG News reported significant activity within the cryptocurrency sphere, as a notable whale address initiated the transfer of 26.5 million XRP, valued at approximately $67.65 million, to Binance. This transaction followed a holding period of over two years, presenting the whale with a potential profit margin of $56.87 million based on prevailing market conditions. Analyzing the accumulation process, it was found that this address had acquired 25.12 million XRP, which was roughly valued at $10.77 million during the period between April 22, 2022, and November 24, 2022. The acquisition occurred at an average price of $0.429. In addition to these holdings, the entity also benefited from liquidity pool rewards, further increasing their stake with an extra 1.38 million XRP.