🤯🐋Shocking Effect at Ripple: 250 Million XRP Moved in a Single Move!🚨🚨

Ripple's 250 Million #XRP Transfer: A Transaction That Created Market Waves

In the blockchain world, "whale movements" are always closely monitored. Ripple's recent massive $XRP transfer has garnered both public and analyst attention. Data revealed by on-chain tracking platforms like Whale Alert and XRPscan indicates that Ripple transferred 250 million XRP to an unknown address, while several additional large transfers were also underway.

250 Million XRP: #Ripple 's Strategic Transfer

According to reports from Whale Alert, Ripple completed a transfer of exactly 250,000,000 #XRP (approximately $704 million). The transaction was sent from a known Ripple watch to an anonymous address. According to XRPscan's analysis, these funds cover Ripple's expenses, support the Ripple Payment Network (Ripple Payments) infrastructure, and are allocated for various investments.

Ripple has a regular monthly escrow release program. The company releases 1 billion XRP, retains approximately 300 million, and relocks the remainder. Therefore, it is believed that the XRP reserves from which the 250 million transfer was announced earlier this year have arrived.

50 Million XRP Goes to Chris Larsen

During the same period as the large transfer, Whale Alert detected another transaction of 50,000,000 XRP (approximately $141 million). While at first glance, it appeared to be an "anonymous-to-anonymous" transaction, the @XRPwallets account, which conducts on-chain analysis, claimed that these funds were transferred to the budget of Ripple co-founder and former CEO Chris Larsen. This suggests that the missing internal Ripple activity continues.

FTX-Related 49,999,989 XRP Transfer

Another transaction that occurred during the same timeframe drew attention to FTX. As reported by Whale Alert, 49,999,989 XRP (approximately $140.8 million) was moved from one anonymous wallet to another. However, community analysts indicate that these funds will go into a sub-fund belonging to the bankrupt FTX exchange.