Ripple moves an enormous 506 million XRP in September.
Concerns arise of potential systemic selloffs, especially amidst recent company acquisitions.
The Ripple Effect: Analyzing the XRP Movements
In the first 19 days of September, Ripple made notable waves in the crypto community by transferring an astonishing 506 million XRP tokens. These transactions, executed in 14 separate operations, utilized two specific Ripple-associated addresses and were dutifully recorded by Whale Alert, a renowned tracking platform in the crypto arena.
The XRP movement spree kicked off on September 3, shortly post the release of 1 billion XRP tokens from Ripple’s escrow. The inaugural transaction saw a Ripple-affiliated wallet dispatching 29.7 million XRP (equivalent to $15 million) directly to the UK-based exchange Bitstamp. Subsequent transfers from this address continued in a seemingly systematic fashion, with each involving a sum exceeding 29 million tokens.
Drawing attention is the fact that this Ripp

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