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Futures
Futures
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NEW
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VIP Wealth Hub
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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300 million XRP transferred to accomplice, 600 million USD temporarily locked.
【Coin World】Whale Alert has just captured a significant movement—300 million XRP has been transferred into Ripple's hosted wallet, which is roughly over 600 million USD at current prices.
This large-scale locking usually means that this portion of the chips will not flow into the market in the short term, which will have a certain impact on the supply side. Ripple regularly puts XRP into a hosted wallet and releases it in batches, which is no longer a new operation, but every time such a large transfer occurs, it still attracts attention.
On-chain data is so straightforward; the movement of hundreds of millions of dollars in assets is visible to the entire network.