Based on Whale Alert’s recent update, Ripple moved 100 million XRP, valued around $48.61 million, to an unidentified wallet address. This transaction took place approximately three hours ago, sparking curiosity and discussion among crypto enthusiasts regarding the potential reasons behind this transfer.
🚨 🚨 100,000,000 #XRP (48,611,105 USD) transferred from #Ripple to unknown wallet— Whale Alert (@whale_alert) April 14, 2024
The “rP4X2h” wallet, holding more than 225 million XRP (worth over $110 million), remains an enigma. Despite efforts from Bithomp explorer, no significant details have emerged regarding the identity of its owner.
It’s worth noting that this transfer occurs during XRP‘s price surge. Following a brief downturn caused by geopolitical issues, XRP has rebounded strongly with a more than 3% increase in value since the start of the current trading day.
In addition, considering the recent buyback on Thursday, XRP has experienced a significant gain of 17.8%, reaching heights not seen since it dropped to $0.4188 – a price point not reached in the past eight months.
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2024-04-15 04:05