The exact reason for Ripple's transfer of 90 million XRP is unknown, but large transfers often present several potential scenarios.
Such moves could be related to routine liquidity transactions or the preparation of on-demand liquidity (ODL) services. There is also the option of restructuring wallets and managing internal funds.
Large transfers to an unknown wallet not associated with a #cryptocurrency exchange may indicate a purchase. In this case, #XRP could have been accumulated by whales or institutional investors.
It is worth noting that the timing of the transfers coincided with a period of high market volatility, when some cryptoassets were trading at a discount, and a few days after the launch of RLUSD. LINE_. #Ripple USD (RLUSD) Stablecoin appeared on global exchanges on December 17, marking a major milestone for Ripple and the crypto community Ripple USD (RLUSD) is described as an enterprise-grade
i stablecoin. It is described as a first-class, fully backed USD in the XRP Ledger, combining the stability of fiat with the efficiency of #blockchain .
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