CandleFocus 35 Million XRP Change Unknown Hands as XRP Price Targets $2
2024-11-29
Author: Content Editor
An unidentified transaction involving the transfer of 35 million XRP (equivalent to $58.29 million) between two unknown wallets has sparked concerns of price manipulation in the crypto market. The addresses involved in the transfer were later identified to belong to the centralized platform Uphold, which has a significant amount of XRP user funds. Although the transfer is likely part of internal operations within Uphold, it is intriguing that the price of XRP briefly dropped but eventually recovered after the transaction.
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