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Large Purchase or Impending Dump? Whale Moves 2.6 Billion XRP out of Escrow


Last week, a significant event took place in the Ripple market — sparking wild speculation about an impending XRP dump or pump.

An unidentified XRP whale moved over four billion XRP coins from a Ripple escrow wallet to a Ripple OTC Distribution Wallet.
Following the incident, some theorized that Ripple itself may be planning to dump a chunk of its XRP holdings to raise some money amid the ongoing market rout. Others speculated that it could be a sign that a large institutional investor is preparing to make a market-defining XRP purchase.


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