Ripple Mystery: 264 Million XRP Transfer Helps Price Recover to $0.5
Indeed, Ripple has seen a mystery 264 million XRP transfer help its price regain a crucial $0.5 level. This large transaction has sparked considerable interest and speculation within the cryptocurrency community. Ripple, a renowned digital asset, has recently benefited from this massive transfer, helping its price rise above the $0.5 mark.
An unidentified big transfer of XRP tokens happened between two unknown wallets recently. The transfer amount equaled $58.29. Netizens traced the addresses rBEc94… Further adding to the intrigue, an investigation into Ripple's move to transfer 250 million coins to an unknown wallet has sparked speculations over XRP price's future trajectory. The token traded at $0.48 today.
Although the reasoning behind the 264 million XRP transfer has not yet been stated, it has intrigued many. The digital asset market has had a rather tumultuous 2025 thus far. Indeed, a host of currencies are struggling to find their footing so far this year amid volatile prices.
On Monday, the company transferred 53.75 million XRP (approximately $27.5 million) and 120 million XRP (approximately $60.8 million) to two addresses. According to a tweet by the ‘whale alert’ account yesterday, Ripple Ripple’s recent transfer of 500 million tokens from its escrow wallet is one example, but how will it affect the price of XRP?
The recent 264 million XRP transfer, coupled with other significant movements, continues to fuel discussions about XRP's price stability and future performance. Stay tuned for further updates and analysis.