A recent transaction involving 50 million XRP has drawn attention from the cryptocurrency community due to its sudden conditions and significant volume.
Transaction Volume
On Sunday, 50 million XRP was transferred from one untagged and unverified wallet to another, amounting to over $113 million.
Unusual Circumstances of Transfer
The sending wallet was activated by Ripple in 2023 and still holds over 32 million XRP. The receiving wallet was initially funded over a year ago and does not appear linked to any major liquidity hubs or public custodians.
Market Reaction
Despite the scale of this transaction, the market remained calm: XRP continues to trade in a tight range just above $2.25, showing no signs of panic or significant speculation.
Currently, there is no clear information regarding the reasons behind this transfer, but there are suggestions that it could be part of larger calculations that have yet to be made public.
