©Reuters
A substantial transfer of 25 million XRP, worth approximately $15.5 million, was spotted today on cryptocurrency exchange Bitstamp. This move was highlighted by Whale Alert, a service that monitors large cryptocurrency transactions.
The sender of this large amount of Bitstamp is known for supporting Ripple Payments, which was previously called ODL. This service is used to facilitate international money transfers in over 70 markets.
This past weekend, John Deaton, founder of Crypto-Law.US, shared his views on when is the right time to invest in XRP. His views came amid market excitement, which included reactions to a now-debunked rumor about a BlackRock ETF and a July ruling by Judge Analisa Torres in favor of Ripple regarding the legality of its XRP sales. Mr. Deaton advised investors to consider acquiring XRP before possible FOMO-induced price surges occur, suggesting a strategic approach to investing in the cryptocurrency.
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