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Ripple Stuns Market with Mysterious 60,000,000 XRP Move, Price Rises 10%
The cryptocurrency market has been left stunned after Ripple made a sudden and unexpected move of transferring an astonishing 60 million XRP to an unknown wallet. This massive transaction was announced yesterday evening and has already caused a ripple effect in the market, with the price of XRP skyrocketing by over 10%.
The mystery surrounding this massive transaction has left many speculating about its purpose. Some believe it may be part of Ripple’s ongoing effort to burn down their excess supply, which has been a major topic of discussion in the community recently.
However, others are skeptical, arguing that such a large transaction would not go unnoticed by the crypto community and could be a sign of something much bigger on the horizon.
It is worth noting that Ripple has been busy with their new product, RLUSD, announced back in March. The company started testing it in a closed beta in August and recently hinted at plans to release it on both XRP Ledger and Ethereum, with possibly Tron following soon as well.
Source: u.today
