Ripple Moved 150 Мillion XRP to an Unknown Wallet
14.09.2024 7:00 1min. read Alexander Stefanov
Ripple Labs, the well-known crypto payments company, recently made a significant transfer of XRP to an unknown wallet, sparking concerns and speculation in the community about the purpose of the transfer.
Data provided by Whale Alert shows that Ripple transferred 150 million XRP, worth approximately $85.38 million. What stands out about this transaction is that the wallet in question has a history of receiving multiple proceeds from Ripple.
The account, activated in October 2023, has experienced a series of fund outflows this September, including XRP 40 million on September 10 and XRP 12.08 million on September 12.
Prior to that, the wallet received 200 million XRP from Ripple in August and another 150 million XRP in July.
This has fueled speculation among XRP holders, with some suggesting that the portfolio may belong to an institutional investor, while others believe it may be cold storage, signaling a potential bullish trend for XRP.
-
1
Here is What You Should Know About Ethereum’s Pectra Upgrade
15.09.2024 8:00 2min. read -
2
Ripple’s ODL and Its Potential Impact on XRP Prices
25.08.2024 11:00 1min. read -
3
Binance Announces Surprising New Altcoin Listing
23.08.2024 15:30 1min. read -
4
New Whale Emerges After Massive XRP Transfer of $61.6 Million
25.08.2024 19:00 1min. read -
5
Cardano (ADA) Sees Increased Activity, But Price Remains Flat
08.09.2024 9:00 1min. read
Crypto Whale Offloads $24 Million in Ethereum in Recent Sell-Off
An Ethereum whale has recently caused a stir by offloading a substantial portion of its holdings, selling over $24 million worth of ETH in the past three days amid significant market pressure.
XRP Poised for Major Price Jump as Whales Buy In
XRP has been trading within an ascending triangle pattern, signaling a potential significant breakout.
Surge in Dogecoin Activity Signals Growing Investor Confidence
Recent on-chain data for Dogecoin (DOGE) reveals a surge in activity, indicating a growing optimism among cryptocurrency investors towards the popular meme coin.
Commerzbank Introduces Bitcoin and Ethereum Trading for Corporate Clients
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.
-
1
Here is What You Should Know About Ethereum’s Pectra Upgrade
15.09.2024 8:00 2min. read -
2
Ripple’s ODL and Its Potential Impact on XRP Prices
25.08.2024 11:00 1min. read -
3
Binance Announces Surprising New Altcoin Listing
23.08.2024 15:30 1min. read -
4
New Whale Emerges After Massive XRP Transfer of $61.6 Million
25.08.2024 19:00 1min. read -
5
Cardano (ADA) Sees Increased Activity, But Price Remains Flat
08.09.2024 9:00 1min. read
