Over 80 Million XRP Tokens Moved; Major Transfers To Bitstamp, Unknown Wallets
Portfolio Pulse from Khyathi Dalal
Over 80 million XRP tokens were moved in the past 24 hours, with some sent to centralized exchanges and others to unknown wallets. Around 20.7 million XRP tokens were transferred to Bitstamp from an unknown wallet, while the remaining 60 million were transferred from Ripple to another unknown wallet. XRP's price has surged by 15% in the past week and 22% in the past two weeks, following Ripple's advancements in the U.S. SEC against Ripple Labs.
November 07, 2023 | 9:44 pm
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The movement of over 80 million XRP tokens, along with Ripple's advancements in the U.S. SEC against Ripple Labs, has led to a surge in XRP's price by 15% in the past week and 22% in the past two weeks.
The large movement of XRP tokens, particularly to centralized exchanges, indicates a high level of activity and interest in the cryptocurrency. This, combined with Ripple's advancements in its legal case with the U.S. SEC, has likely contributed to the recent surge in XRP's price.
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