Ripple Transfers 150 Million XRP to New Wallet

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Amid Growing SEC Settlement ConjectureNew large XRP transfers involving the issuing company Ripple have been noticed in the last 24 hours. According to reports, the blockchain firm shifted 150 million XRP coins to another wallet address raising speculations among market observers. Notably, this comes amid ongoing speculation about an imminent settlement with the SEC regarding their extended lawsuit.Interestingly, Ripple Labs was not the only entity observed moving XRP over the last day. Two extra transactions happened side-by-side, carrying heavy amounts of XRP to two prominent centralized cryptocurrency exchanges. While XRP has begun a rally that has sent the price above the $0.6 mark, investors are worried about the potential effect of such heavy transfers on the future price trajectory of the coin.Ripple Shifts 150 Million Coins to Another WalletEarlier today, Whale Alert first reported the substantial transaction on X (formerly Twitter). According to its report, the California-based blockchain company sent a staggering 150 million XRP coins, valued at approximately $87.5 million, to a wallet address labeled ‘unknown.’150,000,000 #XRP (87,493,136 USD) transferred from #Ripple to unknown

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