Ripple Transfers 100 Million XRP: Price Impact and Analysis
🫡My dear🫂 brother, please follow us so that you can benefit. ❤️Follow❤️ + 👍Like 👍 so we can distribute public gifts. Thank you$ x$XRP $BTC $SOL
Ripple has transferred 100 million XRP tokens to an unknown wallet.
29.1 million XRP were transferred to Bitso as well.
The cryptocurrency is trading at $0.5346, a support level.
Ripple, the fintech company behind the XRP Ledger, has transferred a substantial 100 million XRP tokens to an unknown wallet, as noted in a post on X (formerly Twitter) by Whale Alert.
The transaction was initiated by Ripple on September 6th, with a negligible fee of 0.0005 XRP. The recipient wallet remains unidentified, and the purpose of the transfer is yet to be disclosed. This has led to speculation that the firm may be considering a large sale in the near future.
100,000,000 #XRP (54,594,473 USD) transferred from #Ripple to unknown wallethttps://t.co/5UoknxkDkv
— Whale Alert (@whale_alert) September 6, 2024
Surge in XRP Transfers Amid Market Downturn
Amid the recent market decline, Ripple has been transferring a significant amount of XRP tokens. The 100 million XRP transfer was also followed by a 29.1 million XRP being transferred from an unknown wallet to Bitso, a global cryptocurrency exchange founded in Mexico. Another transaction saw the transfer of 31,126,439 …
The post Ripple Transfers 100 Million XRP: Price Impact and Analysis appeared first on Coin Edition.
💌Your support 💵 matters to us ❤️ so that we can 🔱 wherever my brother is.
Every 🎁tips🎁, no matter how small, has a big impact.
Your support is the fuel of our success. With your help, we will achieve our goals and reach the top. All together. Thank you for your support, my dear brother 🙏
Thank you to everyone who sent 🎁Tips🌹. Yesterday, 200 gifts were distributed to children
