Ripple has moved over 210 million XRP worth $738 million between internal wallets, fueling speculation amid market volatility.
Ripple moved 210.6 million XRP worth over $738 million between two internal subwallets earlier today.
The transaction was confirmed by on-chain data linking both wallets directly to Ripple’s infrastructure.
XRP price climbed 20% last week following ETF approval and new U.S. legislation impacting stablecoins.
A major XRP transfer involving 210,669,117 tokens valued at $738,134,962 was recorded approximately three hours ago, according to Whale Alert. The transaction was carried out between two anonymous wallets, causing immediate attention across the crypto community.
Despite the initial lack of clarity, on-chain analytics later confirmed that both wallets are operated by Ripple. According to XRP-focused tracking service @XRPwallets, the sender and the receiver are internal subwallets linked to Ripple. The source noted that the destination wallet was activated in June 2022 and is now being used for holding transferred funds.
