Massive XRP Transfer Linked to Institutional Interest & New ETFs – A Market Watch

A significant movement of 50.6 million XRP tokens, worth over $105 million USD, has sparked speculation amidst rising institutional interest in the XRP market. The transfer, reported by Whale Alert, took place from Kraken to an unknown wallet, coinciding with the launch of new XRP ETFs by both Grayscale and Franklin Templeton. These developments have heightened activity across XRP markets.