This Crypto Whale Sends Tens Of Millions Of XRP To Bitstamp

XRP crypto assets. (Photo; Doc. Cryptoismist)

JAKARTA - The XRP crypto asset, published by Ripple, is in the spotlight in the financial world. Speculations surrounding legal cases between Ripple and the SEC are heating up and enlivening today's market conditions.

In a large transaction that stole the show, about 28.6 million XRP was recently moved from an unknown wallet to the crypto exchange, Bitstamp, as reported by Whale Alert.

Berdasarkan laporan terbaru, transaksi senilai $14.64 juta (Rp225 miliar) ini terjadi pada tanggal 19 September. Peristiwa ini menjadi sorotan setelah akhir pekan sebelumnya, di mana seorang anonim mengirimkan 100 juta XRP kepada Ripple Labs.

The sender of 100 million XRP was later identified as a wallet linked to the Canadian crypto exchange, SideShift. Ripple itself then transferred 75 million XRP to one of its wallets and another 46 million XRP to an unknown recipient. This sparked speculation about Ripple's role in exchanges outside the exchange or asset redistribution.

Despite this large transaction, the price of XRP recorded an increase on September 20, approaching the figure of $0.52 (around Rp7,400). For more information, currently the price of XRP has risen by about 1.99% to $0.5189 (around Rp7,350), with the daily trading volume reaching $1,006,300,171 (around Rp14.2 trillion). The highest price in the last 24 hours reached $0.5233 (around Rp7,430), while the lowest price was $0.5043 (around Rp7,150).

In addition to price movements, XRP has also become a topic of conversation because its legal representatives criticized the New York State Department of Financial Services (NYDFS) for removing XRP from the permitted list of crypto and stablecoins. Meanwhile, John Deaton, a lawyer representing XRP holder in the Ripple Vs case. The SEC, provides hints of a major announcement, sparking speculation in the market.

Meanwhile, investors are anxiously awaiting the results of the FOMC meeting scheduled for today. Experts predict the decision to raise interest rates could have a significant impact on the crypto market, including the price of XRP.

While the market hopes that the Federal Reserve will delay plans to raise interest rates for now, unexpected movements could affect market sentiment. The data shows that about 99% of traders believe delaying Fed interest rates will affect the crypto market, according to the CME FedWatch.