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Ripple Abruptly Moved 120 Million XRP to Unknown Wallet after Over 30% Price Surge This Week

Ripple, the San Francisco-based cross-border payment firm, has managed to move relatively 120 million XRP after the digital asset recorded about a 35% rally this week.

Going by new on-chain data from Whale Alert, the tracker of large transactions of cryptocurrencies from and to exchanges, the payments firm abruptly transferred 120 million XRP worth $58 million at the time of the transaction to a wallet of unknown origin.

XRP XRP $2.37
+1.93%
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