After 2.3 years from the Holding, the whale moved 26.5 million XRP – at a value of $ 67.65 million – to Binance, held in a profit of $ 56.87 million. Onchain lens The data indicates that between April 2022 and November 2022, this investor accumulated 25.12 million XRP from Binance with an average price of $ 0.429, an investor of 10.77 million dollars.
As it was mentioned, these holdings were later added to a liquidity gathering with BNB, bringing an additional 1.38 million XRP. Now, after long waiting, the investor chose to go out – as the main policy changes around the third largest encrypted currency.
The move comes just one day after the final touches are placed on documents that determine the processing of digital asset stocks and the creation of Bitcoin strategic reserves. The reserve is controversial at the very least.
Controversy
Bitcoin is protected through a non -behavior policy, while other digital assets, including potential XRP, are still vulnerable to potential sale according to the estimation of the cabinet. There are no restrictions that prevent the government from emptying XRP if inventory enter.
From this point of view, the deposit of the lawsuit in the whale may indicate that the long -term XRP holders realize the uncertainty surrounding its future treatment. Although the investor step may depend on profit, it corresponds to the increasing concerns about whether XRP, even if the government is safe from the forced rank.
Related
The encryption markets have witnessed changes in politics influence the influence prices before, and this may not be different. The whale decision is to benefit now, if this is already, it can indicate the wider doubts about the excessive XRP position as the origin of the strategic reserve. Whether this indicates a larger direction still should be seen.
