2024

Million

Coin

<ul class="news-points"> 
 <li><strong>Ripple transferred 150 million XRP to an unknown wallet, sparking speculation.</strong></li> 
 <li><strong>XRP trading volume nearly doubled amid rumors surrounding the transfer.</strong></li> 
 <li><strong>XRP broke above $0.60 resistance, but the transfer’s impact remains unclear.</strong></li> 
</ul> 
<p>On June 17, 2024, Ripple Labs transferred 150 million XRP tokens, valued at $87.49 million, from one of its wallets to the well-known “rP4X2” wallet. Data from the WhaleAlert blockchain analytics account revealed the transaction. The rP4X2 address, activated in 2023 with a transfer of 70 million XRP, has seen increased activity, suggesting it is not likely tied to any exchange.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 150,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a> (87,493,136 USD) transferred from <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ripple</a> to unknown wallet<a href="https://t.co/z5janBJZ1N" target="_blank" rel="nofollow">https://t.co/z5janBJZ1N</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1813275175967744293?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 16, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Shortly after receiving the 150 million XRP, the rP4X2 wallet sent 5,000 XRP to another undisclosed address. This address has attracted attention due to previous large XRP movements and is likely associated with a crypto company. However, the recent transfer is not a selloff, as the tokens remain in the wallet, which now holds 352 million XRP.</p> 
<p>The community is rife with speculation about the reason behind this…</p>
<p>The post <a href="https://coinedition.com/xrp-price-surges-as-ripple-labs-transfers-87-million-to-unknown-wallet/">XRP Price Surges as Ripple Labs Transfers $87 Million to Unknown Wallet</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

XRP Price Surges as Ripple Labs Transfers $87 Million to Unknown Wallet

Coin Edition

Other articles published on Jul 22, 2024

MoonBag’s Presale Magic: Why Stacks Investors Are Switching Sides?

Bybit Soars at CEO's Keynote: 37 Million Users Strong, Leading the Charge in Web3 Evolution (22 Jul)

Is 'Dogecoin Killer' Shiba Inu On A Bearish Path? Whale Transactions, Burn Rate Suggest Otherwise

Mt. Gox Begins Test Transactions on Bitstamp Ahead of Repayments

Mt. Gox Prepares Repayments via Bitstamp

Hacker Moves Stolen WazirX Funds

Join our free newsletter for daily crypto updates!