Ripple’s Schwartz Addresses Concerns Over $567 Million XRP Transfer

A recent transaction of 237 million XRP, worth approximately $567 million, has ignited debate in the cryptocurrency community. The transfer, first spotted by blockchain tracker Whale Alert and subsequently amplified on social media, sparked speculation about a substantial purchase by a high-net-worth individual or entity known as a ‘whale’. Given the transaction’s size, market participants expected it to influence XRP’s price. However, XRP’s value remained largely unchanged. 🤯