2024

Million

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Today,&nbsp;<a href="https://x.com/whale_alert/status/1810488099010453678" rel="noopener noreferrer nofollow">Whale Alert</a> reported a significant movement of 150 million XRP between two addresses. One of the addresses involved in the transaction remains unknown, while the other belongs to&nbsp;<a href="https://u.today/xrp-delivers-massive-bounce-signal-heres-why-solana-sol-at-130-is-safe-shiba-inu-shib-secures" rel="noopener noreferrer nofollow">Ripple</a>.
Digging into on-chain data provided by Bithomp reveals that the recipient address, "rP4X2h," linked to the alleged Ripple wallet, was initially activated in 2023, with a transfer of 70 million XRP. Prior to this transaction, the address already held 103.4 million XRP.
Shortly after receiving an additional 200 million tokens, 50 million XRP were swiftly transferred to another unknown address, "rhWt2bh."
<blockquote>
 🚨 🚨 🚨 150,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (64,287,206 USD) transferred from <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> to unknown wallet<a href="https://t.co/nt65t65klk" rel="noopener noreferrer nofollow">https://t.co/nt65t65klk</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1810488099010453678?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2024</a>
</blockquote>
<h2 dir="ltr" id="xrp-price-outlook">XRP price outlook</h2>
Given the connection to Ripple and the substantial size of the wallet, speculation arises whether this address is owned by the company or one of its partners.
Whether Ripple just moves&nbsp;<a href="https://u.today/xrp-skyrockets-80-in-volume-as-price-turns-green" rel="noopener noreferrer nofollow">XRP</a> from one pocket to another, or sells it, is irrelevant without an outlook on the price of the coin.&nbsp;<a href="https://u.today/xrp-to-moon-major-exchange-makes-mysterious-statement" rel="noopener noreferrer nofollow">XRP's price</a> action this week has been a roller coaster ride. After a positive jump at the beginning of the week, the cryptocurrency has undergone a correction.&nbsp;
However, the price has recovered partly since then. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="9ca95066-a04a-4afd-bf0c-5d7e3687f9a9" src="https://u.today/sites/default/files/inline-images/xrp_385.png">XRP to USD by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
As of today, July 9, 2024, XRP is trading in a zone that some analysts consider risky. While the exact price may vary depending on the source, it is clear that XRP has retreated from its initial gains.

150 Million XRP Mystery Spotted on Ripple Wallet

Table of Contents

U_Today

Other articles published on Jul 9, 2024

Bitcoin Approaching $60,000: Analyst Thinks BTC Is Ready To Fly, Here’s Why

Engineer Predicts Bitcoin’s 300% Rise

Cboe Officially File Solana ETF With SEC, Boosting SOL Price

Players Profit in Mines of Dalarnia

Bank Of Italy Gears Up To Implement EU’s MiCA Regulation

Cryptocurrency Bittensor Rises More Than 15% In 24 hours

Join our free newsletter for daily crypto updates!