Ripple Moves $915 Million XRP: What’s Behind the Massive Transfer?

The post Ripple Moves $915 Million XRP: What’s Behind the Massive Transfer? appeared first on Coinpedia Fintech News

Ripple recently moved 380 million XRP, valued at $915 million, to an unknown wallet, sparking speculation across the crypto market. The transfer comes amid XRP’s 5% price rally and rising optimism surrounding Ripple’s stablecoin, RLUSD, which recently received NYDFS approval. While some speculate this could be a selling move, others believe it is an internal transfer. Other large XRP transfers have also occurred recently, fueling further discussions. Despite these speculations, XRP’s market sentiment remains high, with strong price gains and a rise in futures open interest.