Ripple’s $55M XRP Transfer: Inside the Internal Allocation Explained

Ripple recently conducted a significant internal transfer of 55 million XRP, sparking curiosity about its purpose. Key insights reveal this wasn’t a market sell-off but rather an internal allocation for a Midnight Glacier Airdrop program. This transaction briefly impacted XRP prices, causing a short drop below $3. Despite this initial reaction, on-chain analyses indicate no direct market dump, challenging the perception of an orchestrated sell-off.