A significant transfer of 70 million XRP, worth approximately $173.6 million, has been executed between two Ripple wallets, sparking speculation within the XRP community. The transaction, reported by Whale Alert, involved a transfer from a Ripple 50 to another Ripple 50 subwallet, typically associated with On-Demand Liquidity (ODL) operations. Analysts believe this movement is part of Ripple's internal liquidity management strategy for facilitating cross-border payments. Despite the substantial transfer, XRP's market price remained stable, trading around $2.49 without notable impact.
70 Million XRP Transfer Between Ripple Wallets Fuels Liquidity Speculation
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