Ripple CTO Schwartz Questions $567 Million XRP Purchase. Here’s What Happened

Description

A recent transaction of 237 million XRP worth approximately $567 million has triggered widespread discussion within the cryptocurrency community. The transfer was first flagged by blockchain tracker Whale Alert and quickly went viral across social media platforms. Initial assumptions suggested that the transfer represented a massive purchase by a high-net-worth individual or entity, often referred to as a “whale.” Given the transaction’s size, market participants anticipated that it would influe...