The scale of this transaction has attracted attention from market participants and analysts, prompting discussions about potential implications for liquidity, price action, and market sentiment.

The nature of large cryptocurrency transfers often leads to speculation, particularly when assets are moved from exchanges to unknown wallets. Such movements may indicate an entity securing holdings in private storage, over-the-counter (OTC) transactions, or strategic positioning by institutional players.

95,254,697 #XRP (235,584,856 USD) transferred from #OKX to unknown wallethttps://t.co/p6JRQA7upU

— Whale Alert (@whale_alert) March 5, 2025

Market Reaction and Community Interpretation

Following the alert, cryptocurrency enthusiasts on social media responded with various theories regarding the intent behind the transfer.

A user known as Agent Guru commented, “Big transfer alert, huh? 95M XRP on the move. Always a sign of something brewing. Keep an eye on those wallets—could be a whale positioning for a big play or just a game of hot potato. In the DeFi world, liquidity shifts like this can shake things up.”

This perspective suggests that the transaction may be linked to market positioning by a high-net-worth entity, often referred to as a “whale.” Given the decentralized finance (DeFi) ecosystem’s sensitivity to liquidity shifts, large transfers can contribute to volatility or signal upcoming strategic moves.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Another user, Layo, speculated on a broader market impact, stating, “The wolves are circling, my friends! A massive #XRP transfer just went down from OKX. What’s going on in the shadows? Is this a hint of something bigger to come? Stay vigilant, and stay informed!”

Possible Explanations for the Transfer

While the exact reason behind this transfer remains unclear, several possibilities exist. One explanation is that the entity behind the transaction sought to secure assets in a private wallet, a practice often seen among investors prioritizing custody over exchange storage. Another possibility is that this transfer was part of an OTC deal, where large transactions occur outside public order books to prevent direct market impact.

Additionally, it is worth considering whether the movement is related to liquidity redistribution within the ecosystem, potentially tied to institutional players engaging in strategic positioning. The lack of details on the recipient’s wallet further fuels speculation.

Given XRP’s role in cross-border payments and institutional transactions, it remains possible that this transfer is tied to a broader financial strategy rather than an immediate market-moving event. However, traders and analysts will likely monitor the wallet’s activity closely to determine whether further transactions follow or if there are signs of accumulation or liquidation.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and Google News

The post 95.2 Million XRP Received By Top Exchange Sparks Reactions appeared first on Times Tabloid.

This decision, set to be implemented in phases, throughout July and early August, will impact several prominent cryptocurrencies, including XRP, Shiba Inu (SHIB), and Cardano (ADA).

Reasons for Delisting

The exchange cited the importance of maintaining rigorous trading standards as the primary rationale for the delistings. By eliminating pairs that do not meet specific listing criteria, OKX aims to enhance the overall trading experience for its user base.

The platform emphasized its ongoing evaluation of listed trading pairs and its commitment to implementing delisting procedures when necessary.

Delisting Schedule

The initial phase of delistings is scheduled for July 25, affecting pairs such as LTC-ETH, MATIC-BTC, and ADA-ETH. Subsequent phases will unfold on July 26 and during the first week of August. The comprehensive list of affected trading pairs encompasses a diverse range of cryptocurrencies, spanning major and smaller-cap assets.

OKX has advised users to proactively cancel any open orders linked to the slated trading pairs before the respective delisting dates to prevent automatic cancellations. Given the historical impact of similar actions by other major exchanges, the exchange has also acknowledged the potential repercussions of these delistings on market sentiment.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Industry Implications

OKX’s delisting of multiple cryptocurrency trading pairs is a strategic move to maintain a healthy and competitive market, ensuring that only high-quality assets are available for trading on their platform. This decision may have a short-term impact on the affected cryptocurrencies, but it could also lead to a more robust and resilient market in the long run.

As the cryptocurrency industry continues to evolve, exchanges like OKX are taking proactive steps to adapt to changing regulatory requirements and user demands, ultimately shaping the future of digital asset trading.

Additionally, OKX’s rigorous listing criteria and delisting procedures demonstrate their commitment to protecting users and maintaining market integrity, setting a precedent for other exchanges to follow suit. Not to mention that their decision to delist these trading pairs emphasizes the dynamic nature of the digital asset landscape.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post OKX Is Set To Delist These Major XRP, SHIB, and Cardano Pairs. Here’s why appeared first on Times Tabloid.

A Surprising Move

Although OKX says these trading pairs do not fulfill its listing criteria, this move has ignited questions about the future of XRP within the OKX ecosystem, leaving many investors and enthusiasts curious about the implications.

Read Also: Gemini Is Expressing Excitement about XRP. Another Major U.S. Listing Underway? Details

Colin Wu, a Chinese reporter behind WuBlockchain (@WuBlockchain), shared the news on X, adding that OKX’s goal is to optimize liquidity.

OKX announced that it will delist FODL-USDT, CHE-USDT, INT-BTC, INT-USDT, PNK-USDT, MXT-USDT, SSV-USDC, DOT-ETH, COMP-BTC, UNI-ETH, KNC-BTC, ANT -BTC, MKR-ETH, XRP-OKB, CRV-ETH, LTC-OKB, SUSHI-ETH spot pairs to optimize the liquidity. https://t.co/rchdyl3oCL

— Wu Blockchain (@WuBlockchain) October 24, 2023

OKB is an important part of the OKX ecosystem, as it provides valuable discounts to its holders with lower commissions. While XRP may no longer be paired with OKB, traders can buy and sell XRP through four other trading pairs on OKX, including XRP-USDT, XRP-USDC, XRP-BTC, and XRP-ETH.

CoinMarketCap lists OKX as the fifth largest crypto exchange by trading volume. This move to optimize liquidity could be an attempt to maintain or improve its standing among competitors.

The Delisted Spot Trading Pairs

OKX is delisting these pairs in two batches. The first will happen on October 27 between 8:00 and 8:30 a.m. UTC. The affected trading pairs are FODL-USDT, CHE-USDT, INT-BTC, INT-USDT, PNK-USDT, and MXT-USDT.

OKX will delist the second batch, which involves the XRP pair, on October 30 between 8:00 and 8:30 a.m. UTC. The pairs involved are SSV-USDC, DOT-ETH, COMP-BTC, UNI-ETH, KNC-BTC, ANT-BTC, MKR-ETH, XRP-OKB, CRV-ETH, LTC-OKB, and SUSHI-ETH.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: John Deaton Explains Why XRP Holders Need to Form Alliance With Coinbase Despite Delisting XRP

The exchange will remove certain trading pairs at specific times. OKX advises users to cancel any open orders related to these pairs before the delisting time to avoid automatic cancellation. Deposits for specific tokens (FODL, CHE, INT, PNK, and MXT) have been suspended since 8:00 a.m. UTC on October 20, 2023.

Withdrawals for the same tokens will be suspended starting from 8:00 a.m. UTC on December 30, 2023. OKX advises users to manage their assets before this suspension takes effect. OKX will also continue to monitor its trading pairs and may make further delisting or hiding decisions as needed.

XRP has had a unique journey in the past few years, after being delisted from exchanges because of the lawsuit and relisted after the court ruled in Ripple’s favor in July. However, this is just one underperforming trading pair and is not expected to negatively affect XRP.

Follow us on Twitter, Facebook, Telegram, and Google News

The post XRP Pair to Be Delisted From This Major Exchange. Here’s why appeared first on Times Tabloid.

As OKX publishes its 11th consecutive audit, demonstrating its commitment to transparency, users can take comfort in the reassurance that their deposits are fully collateralized.

Read Also: New Report Shows Real Cause of Over 45% XRP Price Drop

OKX’s Sustained Confidence

In response to the FTX collapse and concerns surrounding user deposits, centralized cryptocurrency exchanges have increasingly adopted PoR audits, and OKX is no exception. By conducting regular audits covering the 22 most commonly used assets on its platform, OKX aims to maintain user trust by ensuring its reserve surpasses deposited amounts consistently.

Hot Off the Press

We’re proud to publish our September 2023 #ProofOfReserves report.

This is our 11th consecutive monthly report showcasing ≥100% reserve ratios for 22 assets, including $BTC, $ETH, $USDT, and more!

— OKX (@okx) September 26, 2023

OKX’s XRP Reserves

The latest PoR report reveals that OKX’s wallets hold an impressive 173,284,313 XRP (approx. $86.7 million), while the exchange itself maintains a balance of 178,401,336 XRP (approx. $89 million).

With a collateralization ratio of 103%, OKX demonstrates a firm commitment to safeguarding users’ XRP deposits. Remarkably, XRP ranks as OKX’s fifth-largest crypto asset in terms of USD value, trailing only BTC, ETH, OKB, and DOGE (excluding stablecoins).

Bitcoin (BTC), Ethereum (ETH), and Stablecoin Reserves

OKX’s PoR report also discloses the collateralization ratios for Bitcoin (BTC), Ethereum (ETH), and stablecoins. BTC holdings by users stand at 142,635 BTC (approx. $3.73 billion), with OKX’s own BTC holdings totaling 146,194 BTC (approx. $3.83 billion). ETH deposits by users amount to 1,370,982 ETH ($2.17 billion), while it maintains a balance of 1,415,452 ETH (approx. $2.2 billion).

Additionally, stablecoin reserves, including Tether (USDT) and USDC, are collateralized at ratios of 103% and 109%, respectively, ensuring sufficient backing for these popular digital assets.

Read Also: Ripple CTO David Schwartz: Higher XRP Prices Will Bring About Cheaper Payments

Additional Considerations

OKX’s XRP Holdings: It is important to note that the exchange’s XRP holdings are not necessarily user deposits. OKX may also hold XRP for its own purposes, such as trading or providing liquidity to its users.

XRP’s ranking as OKX’s fifth-largest cryptocurrency asset: This ranking is based on the total value of XRP held by both users and the exchange. It is not possible to know how much of OKX’s XRP holdings are actually user deposits.

OKX’s PoR audits: PoR audits only verify that the exchange has the assets that it claims to have. They do not verify the exchange’s financial health or its ability to meet its obligations to its users.

OKX’s adherence to regular PoR audits demonstrates its commitment to maintaining a robust reserve system, instilling confidence among its users. With substantial holdings of XRP, BTC, ETH, and stablecoins, OKX distinguishes itself as a reliable and secure platform for cryptocurrency trading.

Follow us on Twitter, Facebook, Telegram, and Google News

The post OKX Confirms Millions of XRP Reserves: Details appeared first on Times Tabloid.

Notably, OKX’s PoR covers 22 commonly used digital assets, a testimony of OKX maintaining a reserve ratio exceeding 100% for nine consecutive months across all those assets.

Assets included in OKX’s PoR include BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.

Read Also: OKX Releases Industry Leading 9th Consecutive Proof of Reserves in July, Showing USD$11.3 billion in Primary Assets

OKX XRP Holdings: Current Standings

Per OKX’s shared XRP PoR, most XRP reserves got stored in off-chain cold storage. The user asset holdings were worth 192,455,205 XRP and the total XRP held by the exchange is 196,322,816, implying that the outlet has more XRP than the amount deposited by users, which is ideal in the face of any unsuspecting crisis.

Hot off the press

We’re proud to publish our July 2023 #ProofOfReserves report.

This is our 9th consecutive monthly report showcasing ≥100% reserve ratios for 22 assets, including $BTC, $ETH, $USDT, and more.

Don’t trust, verify: https://t.co/NofJe7XPvO pic.twitter.com/TxORYyk3lw

— OKX (@okx) July 26, 2023

XRP Reserves On Other Leading Exchanges

The just-concluded summary ruling in favor of Ripple against the United States Securities and Exchange Commission (SEC) has proven decisive for the cross-border crypto platform. Most top exchanges now disclose their XRP reserves, possibly aimed at attracting more users and simultaneously building up trust and transparency.

Read Also: OKX Named Official Sleeve Partner Of Manchester City In Expansion Of Partnership

Uphold, one of the leading New York-based crypto exchanges, at the time of disclosing its XRP PoR, noted that it has about 2.1 billion tokens, equivalent to $1.07 billion locked up in reserves.

On the other hand, Binance, as of March, boasts an impressive 2.7 billion tokens in its safe reserve. Meanwhile, CryptoCom, another top exchange firm based in Singapore, revealed a 101% ratio for XRP in December last year.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Millions of XRP Confirmed in OKX Proof of Reserves: Details appeared first on Times Tabloid.

According to the announcement, the spots available for the flexible staking deals offered by the Seychelles-based exchange, for the selected crypto assets, are limited and accessible on a first-come, first-served basis. 

OKX Flexible Staking Details

The OKX flexible staking deals are only available for Shiba Inu, Dogecoin, XRP, Litecoin (LTC), and Filecoin (FIL), per the Thursday update. 

Introducing our new upgrade of #OKXEarn Gold Rush Staking with more flexibility!

Stake $SHIB @Shibtoken, $FIL @Filecoin, $DOGE @dogecoin, $LTC @LTCFoundation, and $XRP @Ripple with flexible staking deals now!

First-come, first-served basis

— OKX (@okx) December 8, 2022

It is worth noting that the APY for SHIB flexible staking is 2.5% and Shiba Inu holders can stake as low as 1 SHIB token. Likewise, the APY for staking XRP on the OKX exchange is kept at 2.50%, with the minimum investment pegged at 0.01 XRP.

Meanwhile, the highest APY can be earned from staking the leading decentralized meme token, Dogecoin, as its associated APY is 10%. Users can stake a minimum of 0.01 DOGE to earn this high yield.

On the other hand, Filecoin staking comes with a 2% APY, with 0.01 LTC as the minimum investment. For the Litecoin staking deal, users can lock up as low as 0.01 LTC to earn a 3.5% APY. 

Read Also: Litecoin (LTC) To Breakout Soon After Years of Accumulation, Expert Analysts Forecast

This development comes as an upgrade to the OKX Earn Gold Rush Bonus promotion, as the exchange seeks to give holders of SHIB, DOGE, and XRP more opportunities to earn high rewards via staking.

Recall that OKX Earn, a program that enables users to earn passive income on their assets through staking, launched the debut edition of its Gold Rush Bonus promo in September. 

At the time, the Seychelles-based exchange launched a  90-day staking exercise for SHIB, XRP, DOGE, FIL, and LTC. Although the staking APY then was up to 12%, users frowned at the long deposit and withdrawal duration and called for more flexibility.

Follow us on Twitter, Facebook, Telegram, and Google News

The post OKX Launches Flexible Staking for XRP, Shiba Inu (SHIB), and Dogecoin (DOGE) appeared first on Times Tabloid.

As seen on Stakebin, a platform that tracks all LUNC burn transactions on the Terra Classic network, 848,512,735 LUNC have been destroyed since the 1.2% tax burn went live. 

The burn program was activated on September 21 with 80,598,500 LUNC burned on the same day. While 380,650,755 Terra Classic tokens were burned on Thursday, 405,857,928 LUNC have been burned today, at the time of writing. 

Per an announcement from OKX Exchange, the 1.2% tax burn only affects deposit and withdrawal operations. The exchange noted that users will not be levied when they trade LUNC on the spot, margin, or futures market. It added that “the tax will be applied to all crypto denominations currently available on the Terra Classic network, including LUNC and USTC.”

Read Also: Binance CEO Answers the Question about Terra Classic (LUNC) 1.2% Tax Burn Implementation

Part of the update from OKX read, 

“Once the tax burn is live, it will affect LUNC and USTC services on OKX in the following ways —

Deposits. When you deposit LUNC and USTC to OKX, you will receive the deposit amount minus the 1.2% tax charged by the Terra Classic network.”

“Withdrawals. When you withdraw LUNC and USTC, you will receive the withdrawal amount minus OKX processing fees and the 1.2% tax charged by the Terra Classic network. The withdrawal amount you will receive is subject to changes in processing fees.”

Related: Can LUNC Price Recovery Happen? Here’s What Former US Congressional Candidate Has to Say

The teeming Terra Classic community continues to press buttons to have more popular exchanges implement the 1.2% tax burn on all LUNC operations including spot, margin as well as futures trading. The community believes that LUNC price could appreciate if the total supply is reduced. However, FatMan and David Gokhshtein, a former US Congressional candidate think differently.

Follow us on Twitter, Facebook, Telegram, and Google News

The post OKX Activates Terra Classic Tax Burn; Over 848 Million LUNC Destroyed Since Burn Implementation appeared first on Times Tabloid.

Manchester City and OKX Exchange Partners

OKX, one of the world’s top cryptocurrency exchanges with over 20 million customers, notified the public on July 11 of yet another successful agreement to become Manchester City’s training kit’s sole sponsor for the 2022-23 season.

Therefore, throughout the next season, OKX’s trademark will be imprinted on the training kits of the club’s first squads for both the men’s and women’s sides.

We Are On Twitter: Follow Us

Per the announcement, the OKX-branded training kits will be debuted by Erling Haaland, Jack Grealish, Joao Cancelo, and John Stones during Manchester City’s first pre-season training. Similarly, the women’s first team will launch the OKX customized kits when they resume training in August.  

Courtesy of the partnership, the crypto exchange has placed murals of Jack Grealish, Joao Cancelo, Erling Haaland, and John Stones at four strategic locations in Manchester with QR codes embedded in them. 

Interestingly, Cityzens stand a chance of winning season tickets in the OKX Hospitality Box when they scan the QR codes included in any of the four artwork created by popular street artist Akse P19 and Global Street Art Agency. 

To note, this is the second partnership between the EPL defending champions Manchester City and OKX crypto exchange. In March 2022, OKX was announced as Manchester City’s official cryptocurrency exchange Partner. 

Additionally, the crypto exchange is the presenting partner of Manchester City’s first global Trophy Tour since 2019. The tour will see Manchester City and OKX take the Premier League trophy to the doorsteps of fans in markets including France, Spain, the UAE, Korea, and, for the first time ever, Mexico, Norway, and South Africa, another report said. 

Roel de Vries, Group Chief Operating Officer, City Football Group, said, 

“We are pleased to expand our relationship with OKX today, as they become the Official Training Kit Partner of Manchester City. OKX and Man City are aligned on values such as innovation and success and for both parties, everything starts with training and education. Since the initial partnership began in March 2022, we have worked together to ‘supercharge the fan experience’ through a number of exciting content activations ahead of high-profile fixtures during the culmination of the 2021/22 season and we look forward to continuing to develop these opportunities over the coming year.”

Read Also: Cristiano Ronaldo (CR7) Scores NFT Partnership with Binance

Crypto and Football Partnerships

Over the years, the English Premier League and the entire world of football have seen a growing tie between football clubs/ players and crypto entities. It is believed that more of these collaborations will contribute to the enhancement of crypto and blockchain mass adoption. 

In June 2022, Binance, the world’s largest crypto exchange by trading volume, sealed an NFT partnership with the legendary Portuguese football player, Cristiano Ronaldo. Likewise, Everton secured a club-record sponsorship deal with the gambling company, Stake. Also, Stake partnered with the relegated Watford FC last season. 

Interestingly, Sao Paulo FC, a top Brazilian Football Club, is now accepting the popular meme token, Shiba Inu (SHIB) as a payment option for tickets.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Manchester City Wins Another Mega Partnership Deal With OKX Exchange appeared first on Times Tabloid.