A mysteriously large transfer of millions of XRP tokens has stirred up the popular cryptocurrency news today. Whale Alert reports that 105 million XRP, equivalent to $58.21 million, were transferred between two unknown wallets today.
The tokens were withdrawn from a relatively new address, “rsuRD”, which was activated less than a week ago by a transfer from another unknown sender for 92.125 million XRP. All tokens from this address were transferred to “rPQuB” and were left completely empty. For the recipient, this transfer was the first in the history of transactions and literally activated it.
The transfer of over a hundred million XRP came at a time when the cryptocurrency itself was going through some tough times. The last few days have been more of a rollercoaster for XRP and the entire crypto market than pure trading, with the asset’s price falling and rising candle after candle.
🚨 🚨 🚨 105,481,561 #XRP ($58,216,178) transferred from unknown wallet to unknown new wallet https://t.co/9mk9nllvr6
— Whale Alert (@whale_alert) September 5, 2024
XRP Price Prediction
XRP is currently trading at $0.551, which is the closest value to the August low of $0.43 set exactly one month ago.
With the most important phase of the SEC case against Ripple over, the popular cryptocurrency no longer follows any conventional wisdom, and its quotes have begun to follow the general trend.
How the XRP price will be affected by this sudden surge in whale activity remains to be seen. However, it is clear that someone is preparing for a big move – but in what direction remains a mystery.
