In a surprising turn of events, a massive XRP token transfer of about 29 million, valued at around $15 million, from an unknown wallet to Bitstamp has set the crypto community on edge. Meanwhile, this hefty transaction, coupled with recent price fluctuations and the ongoing legal battle between Ripple Labs and the SEC, has triggered speculations about the fate of XRP’s value.
As the digital asset currently hovers around $0.51, market analysts anticipate a potential dip below the $0.5 mark, adding to the prevailing unease among XRP enthusiasts.
XRP Whale Moves 29 Mln Tokens
According to the blockchain transaction tracking platform, Whale Alert, an unknown wallet (r4wf7….h4Rzn) has transferred 28.75 million XRP tokens to Bitstamp. The transaction was valued at around $14.76 million, which has raised speculations among the crypto market enthusiasts as well as the XRP community.
Meanwhile, the recent slump in XRP’s value has been attributed to the protracted legal battle between Ripp
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