Today, Ripple has initiated a large-scale transfer of millions of XRP tokens to an unknown destination. According Whale alert150 million XRP was moved from the “rBg2F” address, which belongs to Ripple, to the “rP4X2” address, whose owner remains a mystery.
Today, Ripple has initiated a large-scale transfer of millions of XRP tokens to an unknown destination. According Whale alert150 million XRP was moved from the “rBg2F” address, which belongs to Ripple, to the “rP4X2” address, whose owner remains a mystery.
The recipient address, according to Bithomp, was activated in October 2023 by a transfer of 70 million XRP from another address, which in turn was activated by a transfer from a Ripple wallet. Now “rP4X2” has 173.661 million XRP, taking into account the tokens that emerged as a result of the recent transfer.
Godfrey Benjamin
The sudden and mysterious movement of such a significant amount of XRP has left many questioning the digital asset’s future price action and Ripple’s intentions.
Speculation among XRP enthusiasts is rampant, with many in the community suggesting that the cryptocurrency company could be initiating a cryptocurrency sale from its accounts.
However, the real motive behind moving $78.2 million worth of XRP to another address is still unclear. It is possible that this address also belongs to a crypto company, but no definitive information has been confirmed.
Alex Dovbnya
Meanwhile, XRP quotes continue to trade in an extremely narrow price range, around half a dollar per token. Following a painful drop of over 15% in early April, the price of XRP has been trading within a range of no more than 5%.
This stagnant trading range suggests that the popular digital asset is poised for a major move, but whether it will be an up or down move remains uncertain.
