A Ripple-associated wallet has recently moved 100 million XRP, transferring 19.7 million tokens to the Bitso exchange. This transaction, valued at around $57.9 million, was tracked by Whale Alert.
The transfer is particularly noteworthy because it coincides with Ripple’s ongoing regulatory challenges, which have ignited concerns among the Ripple community.
After the initial transfer, more movements from the wallet were detected, adding to the speculative environment surrounding Ripple’s legal battles.