Ripple-Related Account Moves Over 50 Million XRP to Cryptocurrency Exchanges
Friday, 24 May 2024, 16:24
Market Alert
A Ripple-related account has recently transferred over 50 million XRP to cryptocurrency exchanges, indicating a significant sell-off.
Transaction Details
- Ripple released 1 billion XRP from its initial distribution on May 1.
- More than 30 million XRP was sent to Bitso, and 26 million XRP to Bitstamp.
- On-chain data raises concerns about XRP's performance.
The sell-offs could impact XRP's price and market dynamics significantly.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.