Ripple has transferred 200 million XRP (worth approximately $280.8 million) internally outside of its regular custody program, sparking community speculation about its purpose. Analysts also pointed out that this move is suspicious. On-chain data shows that these tokens were transferred between wallets controlled by two companies, indicating that the market did not immediately sell off, but debates about the potential reasons (such as internal rebalancing or OTC settlement) are still ongoing.

XRP2.83%
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