Ripple Labs, a well-known cryptocurrency payment company, recently significantly transferred xrp to an unknown wallet, causing concern and speculation in the community about the purpose of the transfer.
According to data provided by Whale Alert, #Ripple transferred 15,000 million #XRP worth approximately $88,538 million. What's remarkable about this transaction is that this wallet has a history of receiving numerous receipts from Ripple.
the account, activated in 2023/10, has experienced a series of capital outflows in 9/10 months of this year, including 4,000 million XRP in 9/12 months and 1,208 million XRP in 9 months of this year.
Before that, the wallet received 8 billion XRP from Ripple on May 2 and another 7 million XRP on May 15,000.
This has sparked speculation among XRP holders: some speculate that the portfolio may be owned by institutional investors, while others believe it is a cold reserve and points to a potential bullish trend for XRP.
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