On June 12, a whale moved over 26 million XRP, valued at nearly 60 million USD, to Coinbase, alarming investors and suggesting a potential sell-off. The timing amidst a bullish market has heightened anxiety in the XRP community.
Following the significant transfer, over 9.51 million USD in long positions were liquidated in the derivatives market, reflecting a negative shift in trader sentiment. This event echoes a similar situation from May 9, elevating market anxiety.
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