Ripple makes a mysterious $487 million XRP transfer, with more activity

On June 4, Ripple unlocked 1 billion XRP tokens, after previously locking 670 million tokens in escrow.

Some interpret the recent transfer of 487 million XRP as a bearish sign for the token. According to CoinGecko data, XRP is currently trading at $2.18, up 3% over the past 24 hours.

Earlier on Friday, 50 million XRP tokens (worth $108 million at the time) were also transferred from an unknown wallet to another unknown wallet.