Ripple Labs has been confirmed to have moved approximately $498 million (about 692.2 billion won) worth of XRP to an unidentified wallet. This transaction, captured by Whale Alert, once again demonstrated XRP Ledger's rapid processing speed and efficiency.
This large-scale fund movement goes beyond a simple amount and showcases XRP's core strengths. Unlike Bitcoin, which focuses on value storage, XRP was designed for swift and affordable global remittances. This is also why banks and financial institutions prefer Ripple technology.
Meanwhile, XRP Ledger's activity is increasing on Binance. According to Cryptoquant data, XRP inflows surged from 5 million to 47.8 million on June 6th. With XRP price stabilizing around $2.19 (about 30,000 won), this increase in inflows suggests growing trader interest.
Institutional investment movements continue across the cryptocurrency industry. Gemini submitted an S-1 form for a US IPO, following Circle's NYSE listing application, and Ethereum ETF has been recording steady fund inflows since 2025. These signals demonstrate increasing trust in blockchain-based finance, with XRP expected to be at the center of this trend.
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