Massive XRP Transfer of $69 Million Stuns Coinbase and Raises Questions About Whales’ Moves

A massive transfer of 29,532,534 XRP, valued at $69,536,183, has been made to the leading U.S.-based crypto exchange, Coinbase. This significant transaction has sparked a ripple effect across the XRP community. Blockchain monitoring firm Whale Alert revealed that this massive transfer took place on May 9th and was executed by an anonymous wallet address in a single action. The timing of the move coincides with the ongoing bull market for XRP, prompting further scrutiny on the blockchain activity surrounding the token.