2024

DeFi

Million

Ripple, a blockchain company specializing in international transfers, transferred 46.34 million XRP tokens worth approximately $24.75 million to a mysterious wallet.
<h2 id="ripple-transferred-46-million-xrp-tokens">Ripple Transferred 46 Million XRP Tokens</h2>
The transaction reported by Whale Alert involved moving these significant funds from Ripple's official address to an undisclosed wallet identified as “rP4X2.”
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 46,340,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (24,746,250 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/5Tr5MjBt2m" rel="noopener noreferrer nofollow">https://t.co/5Tr5MjBt2m</a>
 — Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1752123325256470613?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 30, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The mysterious wallet, which was first activated in October of the previous year with an initial transfer of 70 million XRP, attracted attention due to its characteristically large transaction volume. However, it is estimated that this wallet is related to XRP's ODL systems. In other words, it is thought that the transfer is only an intra-company transfer and not for sale.
While Ripple carries out this unexpected transaction, the market performance of the XRP token remains in balance. There had been a decline in the value of the token in recent weeks and it had hit the important support level of $0.50.
Related News: <a href="https://en.bitcoinsistemi.com/sec-accused-this-defi-platform-of-being-a-ponzi-chain-and-filed-a-lawsuit/" target="_blank" rel="noopener noreferrer nofollow">SEC Accused This DeFi Platform of Being a Ponzi Chain and Filed a Lawsuit!</a>
Historically, this point has served as a reliable recovery point for XRP; However, current market conditions characterized by uncertainty and fear make predicting the token's trajectory challenging.
February, which begins in just two days, has historically had an ominous meaning for the XRP price.
While favorable market conditions could potentially support XRP to find a local bottom at the current support level, the prevailing uncertainty in the market may require a cautious approach.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/blockchain-company-ripple-sent-a-large-amount-of-xrp-tokens-to-an-undisclosed-wallet/" rel="noopener noreferrer nofollow">Blockchain Company Ripple Sent a Large Amount of XRP Tokens to an Undisclosed Wallet</a>

Blockchain Company Ripple Sent a Large Amount of XRP Tokens to an Undisclosed Wallet

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