Over $60 Million XRP Moves From Upbit’s Largest Wallet: Speculation Runs Rampant

A large transfer of $61.3 million worth of XRP recently left South Korea’s largest crypto exchange, Upbit. Blockchain trackers showed the movement, which sent 19 million XRP to an ‘unknown wallet,’ sparking speculation about its destination. Further investigation revealed that these funds were actually transferred within Upbit’s own subwallets, a common practice for platforms handling such high volume.