According to respected blockchain sleuth Whale Alert, which monitors high-volume cryptocurrency transfers, a massive amount of cryptocurrency has been moved over the past two hours. This transfer carried almost $107 million worth of the fourth-largest coin, XRP.
This aligned with a substantial XRP price move upward triggered by important recent developments on the market.
You Might Also Like
Thu, 05/08/2025 - 12:06 'Rich Dad Poor Dad' Author: Bitcoin Is Your Defense In Current Global Insanity - ‘Prepare for Crash’ ByYuri Molchan
HOT Stories Crucial Trillion Dollar Bitcoin Warning Issued by Samson Mow Ripple CEO Calls for Clear Stablecoin Rules Bitcoin (BTC): $100,000 Finally Here, This XRP Level Can Send Price to $3, Massive Shiba Inu (SHIB) Bounce: Bull Run Begins? 824,473,127 XRP in 24 Hours: Bulls Are Back
$106,691,613 in XRP on move
The above-mentioned source revealed that a significant amount of crypto, namely 46,495,041 XRP worth $106,691,613, has been transferred between two wallets marked by Whale Alert as anonymous. XRPscan did not shed any light on the source or destination wallets, confirming that their owners are unknown.
🚨 🚨 🚨 🚨 🚨 46,495,041 #XRP (106,691,613 USD) transferred from unknown wallet to unknown wallethttps://t.co/f7ewc9Dttk
— Whale Alert (@whale_alert) May 9, 2025Still, this blockchain transfer sparked a hot discussion in the XRP community as to the nature of this transaction, whether it was an OTC buy or sell, or whether XRP bulls are coming back, etc. Many crypto enthusiasts in the comments pointed out the large size of the XRP chunk in question.
You Might Also Like
Thu, 05/08/2025 - 20:03 Breaking: Ripple Settlement Agreement Filed by SEC ByAlex Dovbnya
XRP price jumps 9.48% in light of these developments
It happened while the XRP price shook from market volatility, first rising by 4.25% and then rebounding by 1.49%, by now soaring 2.13% again. At press time, XRP is changing hands at $2.3409. Overall, the price surge since Thursday comprises 9.48%.
One of the triggers for this price surge was the bullish price action of the world’s largest cryptocurrency, Bitcoin. On Thursday, BTC soared above the much-anticipated $100,000 level, hitting $103,800 for the first time since January.
Another crucial driver was that the SEC submitted an official letter to Judge Analisa Torres (who led the SEC-Ripple case) to confirm that the regulatory agency has reached a final agreement with blockchain company Ripple to settle their legal war that had lasted for almost five long years.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
