On June 17, 2024, Ripple Labs transferred 150 million XRP$XRP tokens, valued at $87.49 million, from one of its wallets to the rP4X2 wallet ¹. Following this transaction

- The trading volume for XRP nearly doubled amid the rising rumors.

- The price of XRP broke above $0.60 resistance but the impact of the transfer remains unclear.

- The community is rife with speculation about the reason behind this large-scale move.