The XRP community’s attention has been drawn to a massive whale transaction involving 257 million coins. This has led to speculation about the reason for this transfer and whether it is bullish or bearish for the token’s price.

The XRP Transaction The Community is Talking About

XRP influencer Xaif Crypto first drew the community’s attention to this “massive” whale transfer of 257 million coins ($706 million). The influencer then questioned if it was a whale’s game or institutional play. On-chain data shows that the wallet address in question belongs to the crypto exchange Kraken .

Prior to the XRP transfer in question, Kraken had first attempted to transfer around the same amount, but the transaction failed. XRP Scan explained that the transaction fai

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