Reports Disagree on Destination of Ripple's $149M XRP Move
- —The 100 million XRP transfer on Oct 5 moved between two Ripple-controlled addresses
- —The same wallet then distributed $150 million in XRP to rpxh7h, a subwallet tied to Binance
- —The coins are currently held at rGMiNv, an address associated with Binance
- —No exchange received the XRP and there is no indication of a sell order
Why it matters: If the XRP did reach an exchange-linked wallet, it could heighten concerns about selling pressure on the token.
Source: Bitcoin Insider