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Cryptocurrency Whale Under Scrutiny for Suspicious Transactions Prior to XRP Price Surge

A cryptocurrency whale with the wallet address "0xd275" is being investigated for suspicious transactions before the recent surge in XRP's price. The whale borrowed 10 million USDT from Aave and transferred it to Bitfinex 16 hours before the price spike, then withdrew 300 WBTC worth $9.4 million from Bitfinex seven hours before the surge.

The timing of these transactions has raised questions about insider knowledge, but it's also possible that the whale was speculating based on public information or market trends. The surge in XRP's price followed a summary judgment verdict in the Ripple versus SEC case, which is seen as a victory for Ripple Labs and the US crypto industry as a whole.

XRP XRP $2.18
+2.14%
Cryptocurrency XRP
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  • cointelegraph ·

    Why is XRP price up today?

    Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
    Why is XRP price up today?

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