Whale Grabs 117M XRP from Uphold Before Key White House Announcement
Main Idea
A whale transferred 117 million XRP from Uphold to a new wallet ahead of a potential White House announcement, sparking speculation about strategic positioning.
Key Points
1. A transaction of 116,973,599.999985 XRP (worth ~$362.6M) was moved from Uphold to a new wallet, highlighted by crypto analyst Xaif.
2. The transfer occurred at 09:34:30 UTC with a minimal fee of 0.000015 XRP, showcasing XRP Ledger's efficiency.
3. The XRP community speculated on motives, with some suggesting institutional accumulation or strategic reserves ahead of regulatory clarity.
4. The timing coincides with remarks from the White House’s digital assets advisor, Bo Hines, fueling theories of non-coincidental positioning.
5. The destination wallet (rhJgQ4Cbg7vACGVuGusakFmr2nheCRefBS) was previously unrecognized, adding to the mystery.
Description
In a recent development, blockchain data revealed a substantial XRP transaction involving the transfer of 116,973,599.999985 XRP, valued at approximately $362.6 million at the time of the transaction, from the digital asset platform Uphold to a newly activated wallet. The transaction, visible on the XRP Ledger , was first highlighted by crypto analyst and investor Xaif, who questioned the motive behind such a large acquisition with the post, “SOMEONE BOUGHT 117M XRP?? 117M $XRP worth $362.6 MILL...
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