Ripple moves 310 million XRP after Binance exploit, market questions motive

Ripple , the San Francisco-based blockchain company behind the XRP cryptocurrency, has executed a series of large-scale XRP transfers totaling 310 million tokens within minutes, raising fresh questions in the crypto market. On Friday, October 30, blockchain monitoring service Whale Alert reported that Ripple moved a striking 310 million XRP, valued at over $389 million, in three separate transactions that drew scrutiny from traders and analysts. Ripple initiated the first transaction by sending 120 million XRP, worth roughly $150.57 million, to an unidentified wallet address. In the following minutes, two transactions brought XRP back into Ripple-owned wallets: 90,000,001 XRP valued at $112.96 million and 99,999,999 XRP worth $125.56 million, both from unknown wallets.

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