Ripple mysterious cash-out of 60,000,000 XRP, price rises by 10%, shocking the market

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The famous tracking platform Whale Alert monitors large cryptocurrency transfers and spread news about the mysterious large XRP flow discovered in the past 24 hours. Details shared by an XRP-focused explorer show that this transfer of XRP, valued at over one hundred million dollars, was made with the involvement of Ripple giants. Meanwhile, the price of XRP surged by about 10% overnight. Currently, the trading price of XRP is $2.44. 60,000,000 XRP is being transferred—where did it come from, and where is it going? Whale Alert revealed an impressive transaction of 60,000,000 XRP, which was transferred from one anonymous wallet to another anonymous wallet. At the time of the transaction, the value of this XRP block was $144,669,520.

Details provided by Bithomp show that this transfer was initiated by a wallet under blockchain giant Ripple, based in San Francisco. The wallet transferred to an anonymous wallet, which has received two batches of XRP since December 9, with each batch containing 15,000,000 XRP.

As reported by U.Today earlier, Ripple previously used an anonymous wallet to transfer 99,000,000 XRP in a similar manner on Friday, shocking the XRP community with two transactions totaling over 500 million XRP—380 million and 200 million XRP.

Ripple minted 13 million RLUSD before the official release. Earlier this week, Ripple minted two major batches of new crypto products—Ripple USD stablecoin, which recently received official approval from the New York State Department of Financial Services (NYDFS) to be listed and traded on cryptocurrency exchanges. Shortly thereafter, Ripple's CEO