Crypto
Ripple's On-Chain Activity Signals Treasury Rebalancing
A significant movement of XRP has been observed on-chain, as a Ripple-linked address moved 50 million XRP (approximately $50.5 million) to an unknown wallet in August.
This transfer came after the same address received 150 million XRP earlier this month.
On-chain data also shows that a separate 1 million XRP was sent to Binance, which may indicate treasury rebalancing or create short-term selling pressure in the crypto market.