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Ripple Stuns Market With Mysterious 60,000,000 XRP Move as Price 10% Up
Recently, the cryptocurrency market witnessed a sudden and unexpected surge in the price of Ripple’s native token, XRP. The shock came when it was revealed that Ripple had transferred an astonishing 60 million XRP to an unknown wallet.
The news has sent ripples (pun intended) through the community as investors are trying to make sense of this unprecedented move. In a span of just a few hours, the price of XRP rose by approximately 10%, leaving many analysts scratching their heads in attempts to provide explanations.
So far, Ripple’s top executives have refrained from offering any comment on the matter, further fueling speculation and curiosity among traders and enthusiasts alike.
It is worth noting that this development comes at a time when RLUSD, Ripple’s new digital currency, has been making waves in the market. The company first announced its work on RLUSD back in March of this year and since then has been testing it in a closed beta. The coin’s release is expected to be available on both XRP Ledger and Ethereum.
Justin Sun, the founder of Tron, recently hinted that his blockchain may also support RLUSD in the near future. However, Ripple’s top executives have remained mum on this matter, leaving the community without a clear clarification.
Despite the uncertainty surrounding these developments, one thing is certain – the cryptocurrency market has always been known for its unpredictability and volatility.
Source: u.today
