A Mysterious Transfer of Over $100 Million:
- A massive transfer of 196.4 million XRP from Bitvavo to an unknown address.
- The price of XRP rebounds above $0.5 despite the mysterious transfer.
- Users speculate on the recipient’s identity.
A Mysterious Transfer of Over $100 Million
Whale Alert recently revealed a significant withdrawal of XRP from the European exchange platform, Bitvavo. This withdrawal, amounting to 196.4 million XRP worth $101.5 million, has piqued the interest of the crypto community due to its unknown destination.
Little Impact on XRP Price
This transaction has had very little impact on the price of XRP, which is currently trading at around $0.5.
Like the rest of the market, the price of XRP is influenced by Bitcoin’s fluctuations, which has been underperforming for almost a week.
The intrigue deepens as market participants speculate on the motive behind Bitvavo’s massive transfer, with some suggesting that a significant buyer strategically acquired a substantial volume of XRP, anticipating a bullish trend in the token’s price.