Whale Alert detected massive XRP transfers, sparking speculation amid Ripple’s ongoing legal battle with the SEC.
Ripple burned 185 RLUSD tokens during a private beta test, leaving none in circulation on the XRP Ledger.
The crypto market saw strong whale activity as Whale Alert detected huge XRP transactions, generating concerns among the XRP community.
According to the alert, two significant transfers occurred: 27.6 million XRP, worth roughly $15.5 million, was moved from an unknown wallet to Bitso, and another 26.74 million XRP, worth approximately $15.12 million, was transferred from an unknown wallet to Bitstamp. These transfers involved a total of 54.34 million XRP tokens, worth more than $30.6 million.
26,740,000 #XRP (15,120,498 USD) transferred from unknown wallet to #Bitstamphttps://t.co/8EZUdlalD9
— Whale Alert (@whale_alert) August 29, 2024
Whale Moves Fuel Ripple Settlement Speculation
This significant XRP movement coincides with increased speculation regarding Rip
