A significant transaction involving 200 million XRP tokens, valued at $94.5 million, moved between two unknown wallets in the Ripple ecosystem. The event, recorded on June 30, 2024, sheds light on internal movements within Ripple-controlled addresses and sparks discussions on Ripple’s strategies and future plans.
Major XRP Transaction: 200 Million Tokens Move Between Unknown Wallets
The XRP ecosystem recently saw a significant transaction involving 200 million XRP tokens, valued at approximately $94.5 million. This event was recorded on June 30, 2024, and involved two unknown wallets, initially identified by Whale Alert, a major large transaction tracker in the cryptocurrency world.
The transfer took place from wallet address “rP4X2h” to address “rJqiMb.” On-chain data suggests that the recipient wallet, activated by Ripple in October 2021, is often used for periodic selloffs and internal movements of XRP tokens. The source wallet was also linked to Ripple, activated in October 2023 by the recipient wallet.
Notably, the tokens were not moved to any cryptocurrency exchange, staying in the recipient’s wallet for 48 hours before half of them—100 million XRP—were transferred back to the original source address, “rP4X2h.” This transfer indicates it was an internal movement within Ripple-controlled addresses.
As of the current situation, wallet “rJqiMb” holds 107.2 million XRP tokens valued at $51.4 million, while “rP4X2h” contains 93.6 million XRP tokens worth $44.9 million.
In the broader context, the XRP price stands at $0.48, and Ripple has completed its July unlock of 1 billion XRP tokens in multiple batches. Despite the frequency of such large transactions, they continue to captivate the trading community, often sparking discussions about Ripple’s strategies and future plans.
Interestingly, this movement within Ripple’s ecosystem mirrors trends seen with other major cryptocurrencies attracting substantial investor activity. One such example is Pawfury PAW, an innovative and community-driven cryptocurrency project that has recently gained notable traction. Pawfury PAW’s presale raised $4 million, underscoring significant investor confidence and interest. This growing interest in diverse crypto projects like Pawfury PAW highlights the dynamic and evolving nature of the digital currency market.
