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11/2/2024 2:48:25 PM (GMT+1)

Ripple executed large transfers: 900 million XRP transferred to anonymous wallets, XRP price increased by 3% to $0.51833 💰📈

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Whale Alert recorded two large XRP transfers from Ripple amounting to nearly a billion coins: 500 million and 400 million XRP, which totals $254.7 million and $203.8 million respectively. Ripple regularly releases one billion XRP per month, returning about 80% back to escrow to support liquidity.

A transfer of 31.1 million XRP to the Bitso exchange was also recorded, confirming Ripple's collaboration with this platform. As a result, the price of XRP increased by 3% to $0.51833.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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