Ripple Moves Massive Amount of XRP Amid Market Surge

According to U.Today, a significant amount of XRP has been transferred over the past 20 hours, with Ripple, the San Francisco-based cryptocurrency giant, playing a major role in these transactions. In total, 640 million XRP were moved within a 12-hour period. The largest of these transactions involved Ripple transferring 380 million XRP to an anonymous blockchain address, valued at approximately $915 million at the time of the transaction. This movement has sparked interest and speculation within the community, particularly in light of the recent regulatory approval of the Ripple USD (RLUSD) stablecoin. Further details from the XRP-focused Bithump explorer indicate that the 380 million XRP transferred by Ripple was sent to an anonymous wallet associated with Ripple. In addition to this, another transaction involved the transfer of 200 million XRP, worth around $485 million, between two unknown wallets. Bithump confirmed that this transaction also occurred between wallets linked to Ripple. In total, Ripple was responsible for transferring 580 million XRP during this period. Moreover, an additional 60 million XRP, equivalent to $145 million, was moved between anonymous wallets. Overall, Whale Alert has reported a cumulative transfer of $1.5 billion worth of XRP. This activity coincides with a notable increase in XRP's market performance, as the cryptocurrency has seen a 25.74% rise over the past two days. This surge is attributed to the approval of RLUSD for listing on cryptocurrency trading platforms, with XRP's price rising from $1.92 to $2.24 at the time of reporting.