Whales are out: 300 million XRP transferred to Ripple, what does this mean?
At 21:50 ET today, a huge cryptocurrency transaction shocked the market - 300 million XRP were transferred from an unknown wallet to Ripple, with a total value of up to 650 million US dollars. This transaction is not only huge in amount, but also attracted great attention from the entire market! This is the world of cryptocurrency, fast, large-scale and highly transparent. In contrast, traditional financial institutions may take days or even weeks to process transactions of similar amounts, and they also have to bear high fees and complicated procedures. Blockchain technology is making all this a thing of the past.