Ripple mysteriously transferred $487 million in XRP, and there are more developments

On June 4, Ripple unlocked 1 billion XRP tokens, after the company locked 670 million tokens in escrow accounts.

Some people interpreted the transfer of 487 million XRP as a bearish signal for the XRP token. According to Coingecko data, XRP is currently priced at $2.18, up 3% in the past 24 hours.

Earlier this Friday, another 50 million XRP (worth $108 million at the time) was transferred from one unknown wallet to another unknown wallet.

https://whale-alert.io/transaction/ripple/E42221BF54FC74B2E4520313110529CE9143153245E45DECBC3BB4F9FAD59EA7