Massive XRP Transaction: 200 Million XRP Sent from Unknown to Ripple
CryptoNewsTerminal Staff01 Jun, 2024
Massive XRP Transaction: 200 Million XRP Sent from Unknown to Ripple
200 million XRP, worth over $100 million, was recently transferred from an anonymous address to a Ripple address, according to Whale Alert. This is a significant transaction, as XRP is the native cryptocurrency of the Ripple network and is used for payments and other financial transactions. The source of the XRP and the reason for the transfer are unknown. However, the large size of the transaction suggests that it may be related to a major financial institution or cryptocurrency exchange. This transaction highlights the growing popularity of XRP and the Ripple network. XRP is becoming increasingly used for cross-border payments and other financial transactions due to its speed, low cost, and scalability.
