According to Whale Alert, a prominent cryptocurrency transaction monitoring service, a remarkable XRP transfer amounting to nearly one billion dollars has been recorded.
Huge XRP Transfer
Whale Alert noted a transfer of 210,669,117 XRP between two unknown wallets. This amount was valued at $738,134,962 at the time of the transfer.
Transaction Details
On-chain data revealed that the transfer is attributed to Ripple, with both wallets linked to the company. The account @XRPwallets confirmed on platform X that the transaction occurred just three hours ago.
XRP Price Near All-Time High
XRP experienced significant growth, reaching $3.65 per token, closely approaching its all-time high of $3.85 from January 2018. This price surge coincided with the launch of the XRP ETF and the signing of the Genesis Act by President Donald Trump, impacting Ripple’s latest stablecoin product, RLUSD.
The transfer of such a substantial amount of XRP, along with the increase in its price, highlights Ripple's active presence in the market and the continued interest of investors in this cryptocurrency.
