Crypto Gloom

A whopping 80 million XRP was transferred from an unknown wallet this month.

XRP reserves are released each month, as in January XRP moved a significant amount of XRP to anonymous wallets. In an X post, analyst Whale Alert shared data showing that XRP had moved 80,000,000

Strategies for large-scale movements

As recently as January 1st of this month, Ripple moved 1 billion

This strategy by Ripple is worth evaluating because the first 100 million XRP was transferred to this address (‘rP4X2…sKxv3’) on January 7, and this month the company also transferred another large 80 million XRP to the same address .

Following two large transfers of XRP this month, Ripple now has up to 46.34 million XRP locked up, worth $26.46 million. There are 97.8 million XRP held in the balance and at the mentioned address, equivalent to $55.84 million.