A huge -transaction -related account was carried out on the series, transferring 200 million XRP, at a value of $ 410 million on the basis of the market price of $ 2.05 on April 11.
The timing and size of this step has sparked speculation through the encryption community, especially since XRP is circulating near decisive support amid continuous legal uncertainty and volatile market conditions.
With the presence of fragile investors and wider flowers in the flow, the transaction has sparked concerns about expectations in the short term of the distinctive symbol.
Reply 200 million speculation for transmission XRP
According to Blockchain Tracker Pisces alertThe deal arose from the Tamif Code portfolio.Tamulization (1)It was sent to another address, RP4x2 … SKXV3, Which appeared to be an unidentified recipient.
but, Data from Petomb It reveals that the receiving wallet, although it appears to be in the beginning, was activated by the Ripple itself in October 2023 with an initial balance of 70 million XRP.
This internal activity is usually associated with providing liquidity, preparing institutional settlement, or managing the wider assets. However, the volume of treatment raised concerns among merchants.
Some people are concerned that it may be an introduction to selling the market, especially if the symbols are later transferred to the central exchanges. This can increase the circulating supply and exercise pressure down at the price of XRP.
The timing of this step also coincides with the recent legal developments in the Ripple VS. SEC, which adds another layer of speculation to the event.
Modern developments draw a conflicting picture of XRP. On the positive side, the launch of XRP ETF, solution From the enforcement workplace, the Ministry of Justice encryption, and the reversal of the controversial tax department, provided all the back winds of the distinctive symbol.
However, the opposite winds of the macroeconomic economy are wider weighing. Combating, these factors indicate that speculation is likely to continue, especially since market conditions remain fragile and XRP continues to trade near the main technical levels.
Distinctive image from Shutterstock
