CandleFocus Over 383M XRP Moved from Bitstamp Activated Address to Single Wallet
2024-09-25
Author: Content Editor
XRP has recently experienced increased buying activity, pushing its price up to $0.60. However, the upward momentum has since stalled, leading to a period of consolidation. During this time, significant transactions involving large amounts of XRP have been observed. Bitstamp activated a new address and sent millions of XRP on four occasions to a receiving wallet, totaling 383 million XRP. Upbit, a South Korean exchange, also transferred 30 million XRP to an unidentified wallet. Additionally, Ripple's co-founder, Chris Larsen, moved 20 million XRP, leading to speculation about potential sell-offs. Despite these movements, analysts believe that XRP has the potential to nearly double its previous all-time high in the coming months.
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