đš **Whale Alert: Major XRP Transfers and Price Surge**
đ **Recent Highlights:**
- đ **XRP Price Surge:**
- The price of XRP, the 7th largest cryptocurrency, saw a modest 3% rise overnight.
- đ **Massive XRP Movements:**
- **Total Transferred:** Nearly 160 million XRP coins exchanged hands in the last 24 hours.
- **Significant Withdrawals:**
- **From Binance:**
- 43,894,329 XRP (worth $20,860,666)
- 48,270,270 XRP (worth $23,055,620)
- Both moved to anonymous blockchain addresses.
- **To Bitso:**
- 32,710,000 XRP ($15,466,399)
- **To Bitstamp:**
- 31,185,000 XRP ($14,742,502)
- đ **Ripple's Activity:**
- **From Ripple Wallets:**
- XRP transactions linked to Ripple's wallets heading to Bitso and Bitstamp, exchanges collaborating with Ripple for cross-border payments.
- **Stablecoin Development:**
- Ripple is developing a USD-backed stablecoin, aiming to tap into the $150 billion stablecoin market, projected to grow to $2.8-$3 trillion in the next four years.
đ **Conclusion:**
- These substantial XRP transactions come amid Ripple's strategic moves and the cryptocurrency's price uptick, reflecting dynamic shifts in the market.
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