Cryptocurrency Q&A
Did Ripple transfer 500 million XRP causing a 12% price increase?
Did Ripple transfer 500 million XRP causing a 12% price increase?
CryptoKing
Sun Apr 27 2025
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There was a rumor that Ripple transferred a huge amount of XRP, specifically 500 million, and this transaction led to a significant price surge of 12%. I'm curious if this is true.
7 answers
Pietro
Tue Apr 29 2025
The on-chain data reveals that Ripple, the company behind XRP, was responsible for this massive transfer. Specifically, 500 million XRP coins were moved from Ripple's escrow account.
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emma_anderson_scientist
Tue Apr 29 2025
The destination of these coins was another wallet owned by Ripple. This internal transfer indicates a strategic move by the company, potentially signaling future plans or developments related to XRP.
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SejongWisdomKeeperEliteMind
Tue Apr 29 2025
Alongside the transaction details, an intriguing note accompanied the transfer. This note has captured the imagination of the market, sparking discussions and speculations about its implications.
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Thunderbolt
Tue Apr 29 2025
The value of XRP has witnessed a remarkable increase of 12% within a single day. This surge has garnered significant attention from investors and analysts in the cryptocurrency market.
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MysticStar
Tue Apr 29 2025
A significant event preceded this price hike. A substantial transfer of XRP coins took place, involving an amount exceeding $1 billion. This transfer has been instrumental in driving the price upwards.
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