Ripple’s Cryptic XRP Transfer Fuels Frenzy: Massive Sell-Off Incoming?
The post Ripple’s Cryptic XRP Transfer Fuels Frenzy: Massive Sell-Off Incoming? appeared first on Coinpedia Fintech News
Ripple’s monthly release strategy is back in the spotlight, and this time it’s causing a stir. With a whopping 1 billion XRP scheduled to unlock, Ripple’s recent wallet activity has investors scrambling to decipher its next move. Could this be a strategic shuffle or a sign of a major sell-off?
Read on to unpack the latest developments and see what experts are saying about the future of XRP.
What’s With the XRP Transfers?On June 1st, Ripple initiated a series of substantial XRP transfers across various wallets, setting the stage for its monthly escrow execution. The crypto tracking platform Whale Alert first reported a transfer of 200 million XRP, valued at approximately $104.1 million, from the “Ripple 24” wallet to Ripple’s primary operational wallet, “Ripple 1.”
