TL;DR
- Two significant XRP transactions totaling nearly 500 million XRP were recently made, with one worth $213 million and another valued at $13 million. The latter transaction was attributed to Ripple Labs and sent to Bitstamp exchange.
- Ripple’s strategic alliances with exchanges Bitstamp and Bitso involved the movement of XRP tokens, with around 100 million XRP previously transferred to these exchanges in early October.
- These large XRP transactions coincide with Ripple’s legal victories against the SEC, which have led to increased optimism and price predictions for XRP. The upcoming court battle scheduled for April 2024 could have significant implications for the cryptocurrency market and US regulation.
Ripple Labs Behind $13M Transaction
According to Whale Alert, two whales have moved nearly 500 million XRP in the last 24 hours. The first wallet migrated 412,334,412 XRP tokens, worth approximately $213, while the second wallet moved 26,500,000 XRP, or $13 million.
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