According to a post from Whale Alert, Ripple has transferred a staggering 100 million XRP, worth approximately $48.61 million, to an anonymous wallet address. This transfer, which occurred just over three hours ago, has the crypto community buzzing with questions and speculation.
The recipient wallet, identified as “rP4X2h,” has a balance now exceeding 225 million XRP, valued at over $110 million. The ownership of this wallet remains a mystery, even to the Bithomp explorer, which has failed to yield substantial information about the entity behind it.
Interestingly, this transfer comes amidst a remarkable recovery in XRP’s price. After a temporary slump due to geopolitical tensions, XRP has bounced back with a notable uptick of over 3% since the opening of the latest daily candle.
Moreover, factoring in yesterday’s buyback, XRP has surged by a remarkable 17.8% since hitting its lowest point at $0.4188, a level unseen in the last eight months.
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