CandleFocus Ripple Transfers 100 Million XRP Tokens - What's Going On?
2024-09-06
Author: Content Editor
Ripple, a leading provider of digital asset infrastructure, has transferred 100 million XRP tokens, worth around $54.5 million, to an unknown wallet. This move has sparked debate and speculation within the community about the reasons behind it. The transfer, along with other large transfers by whales, suggests that XRP holders may be offloading their holdings due to the current sideways price movement and negative sentiment in the crypto market. XRP has lost support around the $0.55 level and has dipped by 2.44% in the last 24 hours. The total market capitalization of XRP has also decreased by 2.47%.
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