200 Million XRP Worth $500 Million Moved to Ripple from Unknown Wallet

A major transfer involving 200 million XRP tokens, valued at approximately $500 million, was sent from an unidentified wallet to Ripple, drawing market attention.

XRP

Summary

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Terms & Concepts
  • XRP: A digital currency used by Ripple for fast and low-cost cross-border payments.
  • Wallet: A digital storage method for cryptocurrencies, allowing users to send, receive, and manage assets.
  • Ripple: A blockchain-based payment protocol designed for real-time, low-cost international money transfers.