Ripple Abruptly Moves 470 Million XRP: Here's Where It's Headed
Ripple moved XRP worth about $250 million to an unidentified institutional wallet, marking major Cryptocurrency News this week. Whale Alert spotted these 470 million XRP tokens moving on November 6, and everyone’s trying to figure out Ripple’s destination. The XRP market impact looks significant when Ripple moves so much XRP in a short time. https://twitter.com/whale_alert/status/1854209401931870452 Also Read: Russia’s Bold Bitcoin Mining: Alliances Unite for De-dollarization Ripple’s Massive XRP Transfer: Uncovering the Destination and Impact Breaking Down the Transaction Details Here’s what we know – Ripple’s destination appears to be a large institutional wallet, according to Cryptocurrency News channels. That’s around $250 million if you’re counting. Nobody has figured out exactly where the transfer went yet, which has got everyone talking. Usually when they do this, it’s for their ODL actions or maybe some partner deals. It makes sense when you think about their usual moves. Str