Ripple Moves Astonishing 115 Million XRP, Selling Part of It at Loss
Fintech giant Ripple spotted transferring more than 115 million XRP, along with anonymous wallet shoveling 85 million XRP...
- Whale Alert, a popular crypto tracking platform, has detected three XRP transfers totaling 200 million XRP.
- The majority of the transfers were made by Ripple Labs, a crypto decacorn.
- The transfers included 25.5 million XRP, 85 million XRP, and 90 million XRP.
- The 85 million XRP transfer was made from one anonymous wallet to another, potentially for later conversion into fiat.
- Ripple releases around 200 million XRP from escrow every month, with a portion used for operating expenses and supporting the coin's circulating supply.
- The 25.5 million XRP transfer was made by Ripple Labs to the Bitstamp exchange to support one of Ripple's ODL corridors.
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The sentiment of the article is neutral, providing factual information about the XRP transfers and Ripple's involvement.