2024

Million

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Today, Ripple has initiated a large-scale transfer of millions of XRP tokens to an unknown destination. According to&nbsp;<a href="https://x.com/whale_alert/status/1798899870146641935">Whale Alert</a>, 150 million XRP were moved from the address “rBg2F,” which belongs to Ripple, to the address “rP4X2,” whose owner remains a mystery.
The recipient address, according to Bithomp, was activated in October 2023 by a 70 million&nbsp;<a href="https://u.today/xrp-bulls-eye-long-overdue-price-rebound">XRP</a> transfer from another address, which in turn was activated by a transfer from a&nbsp;<a href="https://u.today/mastercard-users-can-now-buy-xrp-shib-and-other-coins-on-binance-once-again">Ripple</a> wallet. Now “rP4X2” holds 173.661 million XRP, taking into account the tokens that came as a result of the recent transfer.
The sudden and mysterious movement of such a significant amount of XRP has left many questioning the future price action of the digital asset and Ripple’s intentions.
<blockquote>
 🚨 🚨 🚨 🚨 150,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (78,209,179 USD) transferred from <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> to unknown wallet<a href="https://t.co/lPfylIvDdm">https://t.co/lPfylIvDdm</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1798899870146641935?ref_src=twsrc%5Etfw">June 7, 2024</a>
</blockquote> 
Speculation among XRP enthusiasts is rampant, with many in the community suggesting that the crypto company might be initiating a sale of the cryptocurrency from its accounts.&nbsp;
However, the real motive behind moving $78.2 million in XRP to another address remains unclear. It is possible that this address also belongs to a crypto company, but no definitive information has been confirmed.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="37d3215e-e0c4-4818-a1ed-a8157dfee430" src="https://u.today/sites/default/files/inline-images/xrpusd_9.png">XRP to USD by <a href="https://coinmarketcap.com/currencies/xrp/">CoinMarketCap</a>
Meanwhile, XRP quotes continue to trade in an extremely narrow price range, around the half-dollar mark per token. Following a painful drop of more than 15% in early April, the&nbsp;<a href="https://u.today/50-million-xrp-mysteriously-withdrawn-from-binance-in-major-whale-activity">price of XRP</a> has been trading within a range of no more than 5%.&nbsp;
This stagnant trading range suggests that the popular digital asset is poised for a major move, but whether this will be an upward or downward shift remains uncertain.

Ripple Suddenly Shifts 150 Million XRP into Unknown

U_Today

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