Ripple Transfers $50.5M in XRP Amid Regulatory Uncertainty and Declining ETF Inflows
Ripple made a significant move on August 13, transferring $50.5 million worth of XRP to an unknown wallet. This transaction follows a decline in weekly net inflows into U.S. spot XRP ETFs by 93%, indicating waning institutional demand due to regulatory uncertainty surrounding the CLARITY Act's delay until September.
Despite this, Binance XRP futures open interest hit a 30-day high, suggesting traders are positioning for a major price move. Large holders continue to accumulate XRP, contrasting with declining retail interest and highlighting a market divided on XRP's near-term outlook.