Despite Christmas Day and the festive mood it brings, the cryptocurrency market remains active and has participants on their toes like never before. This time, it's XRP fans' turn to take notice Whale alert It reported a mysterious large-scale transfer of tokens to the leading US cryptocurrency exchange Coinbase.

According to the report, more than 30.17 million XRPThe equivalent of approximately $69.24 million, was transferred from the anonymous wallet titled “rBgEsEX” to Coinbase Title "rUjfTQ."

The main concern for market participants in such cases is that a large transfer to a major exchange from what appears to be an individual portfolio could be a sign of an impending sale by a large, unknown entity.

However, on the contrary, to the eyes of cryptocurrency enthusiasts it looks like a whale buying assets and withdrawing them from a central exchange into personal custody.

What this XRP transfer is like remains a mystery; However, an enthusiast of the XRPWallet account community, which tracks the big moves of the popular cryptocurrency, says it is a Coinbase-to-Coinbase transfer, which may mean nothing more than an internal process for a leading US exchange.

Despite the lack of direct convergence with the token, such a transfer could still cause disruptions to the token, as any random market participant could see Whale's Alert report and come to the conclusion that some unknown major player in XRP is about to... Over $69 million worth of cryptocurrency unloaded on Coinbase.

It remains to be seen how this situation will affect XRP, but what is the reason behind it? Cryptocurrency price It is currently trading down approximately 1.5% since the beginning of today's trading session.