Ripple Transfers 60 Million XRP to Unknown Wallet as XRP Price Finds Ceiling
Ripple's 60 million XRP transfer to undisclosed wallet raises questions as XRP's price rally faces stop
In a surprising turn of events, Ripple, the renowned blockchain company, has made a significant transfer of 60 million XRP tokens valued at $42.83 million to an undisclosed wallet, as reported by Whale Alert.
The transfer comes amid a whirlwind of activity on the XRP market, with the digital asset experiencing remarkable fluctuations.
Just yesterday, XRP enthusiasts witnessed a surge of 8.2% in its value, propelling it to its highest level since July. The token peaked at an impressive $0.7324 per unit before a minor correction led to an 11% dip, temporarily dropping its price to $0.65.