CandleFocus 187 Million XRP in 24 Hours - What's Happening?
2024-09-06
Author: Content Editor
Blockchain tracking service Whale Alert has reported several large XRP transfers in the last 24 hours, including a transfer by Ripple Labs. The transfers amounted to a total of 187 million XRP, with the largest chunk of 100 million XRP moved by Ripple. The XRP community expressed concerns about the purpose of Ripple selling such a large amount. However, it was later revealed that the transfers were internal transactions sent by Ripple to its own wallets. Other transfers were made to major exchanges Bitso and Bitstamp. Last week, XRP experienced a 13.34% decline in value, but it managed to partially recover in the past 24 hours.
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