Based on information from Whale Alert, a well-known platform monitoring large cryptocurrency transfers, it’s been reported that Ripple, a blockchain firm based in San Francisco, has transferred approximately $682 million worth of XRP to a yet unidentified digital wallet.
Since December 21st, this is the first significant transaction of its kind that our company has made. On that day, they transferred over $200 million worth of XRP across just two transactions.
The latest transfer surpasses the total amount of XRP that the company transferred during the entire month of December.
According to a report from U.Today, Brad Garlinghouse, CEO of Ripple, has affirmed that Ripple holds over $100 billion in value of XRP tokens.
Based on the insights of this notable leader, it’s crucial to consider this factor when you’re calculating the value of a private corporation.
XRP’s rally stalls
2024’s fourth quarter saw the Ripple-linked token outshine others due to its extraordinary growth, amassing a staggering $6 billion increase in the fortune of Ripple co-founder Chris Larsen within just a couple of weeks.
Nevertheless, the lofty cryptocurrency token has yet to regain momentum from its early 2025 rally. This is primarily because the overall cryptocurrency market has been weak, largely as a result of Bitcoin‘s lackluster performance.
Based on information from CoinGecko, the current price of XRP stands at approximately $2.30. This represents a drop of over 6% compared to its value 24 hours ago.
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2025-01-10 09:13