Ripple Moved 150 Мillion XRP to an Unknown Wallet
Ripple Labs, the well-known crypto payments company, recently made a significant transfer of XRP to an unknown wallet, sparking concerns and speculation in the community about the purpose of the transfer.
Data provided by Whale Alert shows that Ripple transferred 150 million XRP, worth approximately $85.38 million. What stands out about this transaction is that the wallet in question has a history of receiving multiple proceeds from Ripple.
The account, activated in October 2023, has experienced a series of fund outflows this September, including XRP 40 million on September 10 and XRP 12.08 million on September 12.
Prior to that, the wallet received 200 million XRP from Ripple in August and another 150 million XRP in July.
This has fueled speculation among XRP holders, with some suggesting that the portfolio may belong to an institutional investor, while others believe it may be cold storage, signaling a potential bullish trend for XRP.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic under fire for alleged AI-fabricated citation in copyright lawsuit
Share link:In this post: Music companies claim Anthropic used AI to create a fake academic citation in court. A judge has ordered Anthropic to respond to the allegation, which it calls an unintentional error. This case is part of a larger wave of copyright lawsuits against AI firms over unauthorized use of creative content.
DeFi Just Got Real: JPMorgan Takes a Historic Leap into Blockchain Finance
PRAIUSDT now launched for futures trading and trading bots
'Pixelmon' to Launch 'Warden's Ascent' RPG and Idle Mobile Games on Avalanche—Here’s Why
Trending news
MoreCrypto prices
More
