XRP whales just yanked a massive -226 million units off Binance on October 29 fr and that is already 2.72 times bigger than the -83 million back in September 2022 💸🖤.
Whale Chaos Unfolds 🌑
CryptoQuant spotted 283 million XRP flying out in big transfers that same day while the whole security nightmare was kicking off 👀. TRM Labs followed 233.46 million XRP moving from five Binance wallets straight to an attacker address and Elliptic clocked roughly 233 million in the same transfers 🦇. Withdrawals over 1 million crashed hard to 14.7 million on October 30 which is a brutal 94.8 percent drop during the pause 😈.
When Binance started bringing back XRP withdrawals in stages on November 1 those big outflows jumped to 80 million five point four four times the October 30 number and whale netflow stayed negative around -50 million XRP 📉. Pulling the asset off the exchange might cut the sell pressure tho 🚨.
Binance got hit for an estimated 6.3 billion in stolen assets the biggest crypto heist ever lmao. Turns out North Korea and their TraderTraitor crew were behind it and the FBI confirmed everything 💀. President Trump said he would chat with them if it checked out and Binance covered about 95 percent already with the rest taking longer 🕸️.
ETFs Finish October Strong 🌙
XRP dipped from above 1.3 down to 1.2 right after the hack but it was not as bad as some past exchange meltdowns and it bounced back to around 1.25 rn 😌. Spot XRP ETFs pulled in a solid 18.83 million overall for October with the last two weeks adding 4.25 million and 4.32 million to flip the earlier tiny outflows into green.
Just another echo from the void by iconofsin.eth 💖
