The post Ripple Transfers 105 Million XRP – Here is the Reason Why! appeared first on Coinpedia Fintech News

San Francisco’s blockchain powerhouse Ripple Labs has made headlines with an eye-catching series of high-volume XRP transfers. The latest data indicates that Ripple moved 105 million XRP tokens, equivalent to roughly $52.8 million in fiat, through two major transactions. Let’s delve into the intricacies of these transfers and what they might mean for Ripple and the larger crypto ecosystem.

According to Whale Alert, the first transaction saw 75 million XRP transferred to an “unknown” wallet. The second transaction involved a sum of 30 million XRP being moved to Bitstamp, a popular crypto exchange.