The latest Ripple XRP News gains momentum as Ripple mysteriously transfers 100 Million XRP to some unknown address. These XRP’s are worth $48.61 million and hence, definitely not a joke!
🚨 🚨 100,000,000 #XRP (48,611,105 USD) transferred from #Ripple to unknown wallethttps://t.co/KmqklOVIKJ
— Whale Alert (@whale_alert) April 14, 2024
The transfer took place from Ripple’s address- “rBg2Fu” to the mysterious wallet of “rP4X2h” whose account was activated in October 2023. However, there is no substantial information on the real entity behind rP4X2h.
XRP’s Price Recovery As Ripple Sends 100 Million XRP
Interestingly, this latest XRP news spread against the backdrop of XRP’s remarkable price recovery. Due to geopolitical tensions between Iran and Israel that led to Bitcoin crashing, XRP also witnessed price drops. However, now it has bounced back by 3% after Ripple sends 100 Million XRP.
At present, the current price of XRP is $0.50 per XRP. As per our Ripple XRP news source, the amount of XRP traded has risen by $259,996,858.02 in the last 24 hours, which is a 12.91% increase.
Affect On The Future Of Cryptocurrency
This latest XRP news raises severe questions about its effect on the future of the crypto world. The community is left to speculate about the ramifications of this transfer as Ripple is making big transfers and XRP is showing such resiliency. Also, not to forget, the company still holds 100 million XRP as a part of this month’s unlock.
Hence, what shape the dynamics of the future crypto market will take is something worth seeing. But no matter what, ReadingCrypto has always got you covered with all the latest, trending news of the crypto world.
And if you are looking for some detailed explanations, MyCryptoSafari is at your service, always!
Happy Reading!
Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
