According to the latest data provided by blockchain tracker Whale Alert, Ripple, a San Francisco-based blockchain company that supports XRP, transferred hundreds of millions of XRP within hours after Binance was attacked. Such an action is almost impossible to go unnoticed.
31,000,0000 XRP to be transferred within a few minutes?
Data shows that Ripple conducted multiple transactions with an unidentified wallet address on Friday, October 30th, transferring a total of 310 million XRP, worth over 389.08 million US dollars.
These three transfers were completed within a few minutes, and the data shows that at the time of the transactions, the price of XRP was approximately 1.25 US dollars.
In the first transaction, Ripple transferred 120 million XRP to an unknown wallet, worth approximately 150.57 million US dollars. Subsequently, two more transactions involved 90,000,001 XRP, worth 112.96 million US dollars, and 99,999,999 XRP, worth 125.56 million US dollars. These funds were transferred from unidentified wallets to Ripple.
Transfers of such scale and at such a time point, especially those coming from a well-known company like Ripple, have not gone unnoticed by the market; since the purpose of these transfers has not yet been explained, market participants have begun to worry about the motives behind them.
Ripple intervenes when dealing with the XRP vulnerability at Binance.
Although there are speculations that this transfer may be Ripple selling XRP during a volatile period, other commentators have raised different concerns.
Just a few hours before these transfers occurred, an executive from Ripple confirmed that the company was assisting in handling a recent vulnerability incident involving Binance, which led to the theft of some XRP. As a result, there are doubts from the outside world as to whether these transfers are related to this incident.
Ripple It has been confirmed that the company is actively freezing the affected funds and coordinating with relevant parties for handling; however, it is still uncertain whether this XRP transfer is part of their assistance in response to this incident.
