XRP Sells $75.96M at Bitget Amid Exchange Reopening
A large transfer of 50,291,996 XRP tokens, valued at approximately $75.96 million, has moved from Bitget to an unlabeled wallet.
The recipient address has a long history of sending and receiving XRP with the exchange, which may indicate that this transfer is internal or exchange-linked rather than a typical whale withdrawal.
This raises questions about potential sell pressure and exchange activity in the crypto market.