🚀🚀Ripple transfers 90 million XRP for unknown reasons 🚀🚀

According to blockchain data tracker Whale Alert, Ripple transferred a total of 90 million XRP to unknown wallets in two large transactions in the last 24 hours. The first transaction transferred 50 million tokens (approximately $111.7 million), while the second transaction transferred 40 million tokens (approximately $89.7 million) to anonymous wallets.$XRP

It is noteworthy that it coincides with a period of increased volatility in the cryptocurrency market. XRP gained 2.12% and rose to $2.27, maintaining critical support levels after the sell-off experienced last week. XRP, which fell to $2.17 over the weekend, briefly recovered to $2.29, showing an annual increase of 266%.

Such large transfers are usually associated with several possible reasons. First, liquidity management could be one of the main reasons for such transactions; Ripple could be preparing for On-Demand Liquidity services. Another possibility is internal restructuring; that is, wallet restructuring or internal fund management purposes. In addition, large transfers to anonymous wallets could signal institutional accumulation that is not directly linked to cryptocurrency exchanges.

On the other hand, it is noteworthy that the timing of the transfers coincides with the launch of Ripple’s new stablecoin, Ripple USD. Launched on December 17, RLUSD aims to combine fiat stability with blockchain efficiency as a fully backed US dollar-based stablecoin on the XRP Ledger.

While the exact reasons behind Ripple’s large transfers remain unclear, the market continues to carefully monitor the long-term effects of these movements.

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