Approximately 100 million XRP, worth around $53.48 million, were moved anonymously over the blockchain. This large transaction has piqued interest because it occurred amidst market instability.
🚨 🚨 🚨 100,000,000 #XRP (53,477,708 USD) transferred from unknown wallet to unknown wallet— Whale Alert (@whale_alert) April 22, 2024
With the identities of the sender and receiver undisclosed, there’s conjecture that they could be associated with Ripple, a Californian blockchain payments firm. The investigation reveals that this is just the second transaction for the receiving account, and both transactions originated from the same sender. Preliminary signs point to a potential connection to Ripple, as suggested by the initial small transfer of 12 XRP.
At a recent gathering, David Schwartz asserted that Ripple’s Chief Technology Officer endorses the company’s commitment to transparency. They make their financial transactions publicly available every quarter through disclosure reports.
In addition to the recent transaction, Ripple has been actively handling significant quantities of XRP. For instance, they transferred 100 million units of it this month. The crypto community keeps a close eye on these actions due to their possible influence on the market and the sentiments of investors.
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2024-04-24 03:35