It has been reported that a transfer of XRP worth $119 million has been sent to a major exchange platform. The market immediately started to feel alert, because everyone knows that when whales move money into an exchange, it is often a sign that a sell-off is about to happen.

Blockchain data allows traders to follow these movements in real time. The size of this transfer drew a great deal of attention from the trading community. Uncertainty about whether a sale will actually occur makes market sentiment become more cautious—especially now that XRP is already in a volatile environment.

But it’s also important to understand that not every time a whale transfers funds to an exchange will it sell right away. Sometimes it’s only liquidity management or a funds move. In any case, the $119 million transfer still continues to influence market psychology, prompting investors to closely monitor XRP’s next move and see what happens next.