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Ripple transferred a large amount of 310 million XRP after the Binance hack, drawing market attention.
On-chain data shows Ripple conducted three large transactions totaling 310 million XRP within hours. One transaction of 120 million XRP (approximately $150 million) was transferred from a Ripple-affiliated address to an unknown wallet, while two other transactions totaling 190 million XRP were moved from unknown wallets to Ripple-affiliated addresses. These transfers occurred after Ripple's Swell conference and following a roughly $6.3 billion hack on Binance, sparking market speculation about their purpose. Ripple CEO Brad Garlinghouse previously stated that XRP remains the company's top priority.
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