Ripple carried out three XRP transfers totaling 310 million tokens, including 120 million sent from a Ripple-linked address to an unknown wallet. Two other transactions, of 90,000,001 and 99,999,999 XRP, were sent to a Ripple-linked address from unknown wallets. Whale Alert valued the movements at approximately $389 million at the time of the transfers. These transactions could relate to treasury management or an internal wallet reshuffling, with no confirmed XRP sale. The transfers came after the Swell event in New York and the Binance hack, which reportedly affected $300 million in XRP, intensifying market scrutiny of Ripple’s activity.
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