Ripple executed three transactions totaling 310 million XRP, worth approximately $389.08 million, according to Whale Alert. The first transfer sent 120 million XRP, valued at $150.57 million, to an unidentified wallet. The other two received 90,000,001 XRP, worth $112.96 million, and 99,999,999 XRP, worth $125.56 million, from unidentified wallets while XRP traded around $1.25. The transactions occurred a few hours after Ripple announced its support for efforts to address the theft of XRP involving Binance. Ripple confirmed that it was freezing the affected funds, but any possible connection between its assistance and the transfers remained unexplained.
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