$738,134,962 XRP Transferred by Ripple, Here's Surprising Destination
Main Idea
A massive transfer of 210,669,117 XRP (valued at $738,134,962) occurred between anonymous wallets, with on-chain data suggesting it was moved between Ripple subwallets, while XRP's price surged close to its 2018 all-time high.
Key Points
1. 210,669,117 XRP (worth $738,134,962) was transferred between two unknown wallets, later identified as Ripple subwallets.
2. XRP's price surged by 20% in 24 hours, nearing its 2018 all-time high of $3.85, before a slight correction.
3. The transfer was detected by blockchain tracker Whale Alert and linked to Ripple's subwallets by on-chain data.
4. XRP's price movement coincided with developments around Ripple's RLUSD stablecoin and broader market activity.
Description
Staggering amount of XRP has been shoveled by Ripple after the coin reached new local high
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