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Ripple moves 120M XRP to unknown wallet, sparking market speculation.

Market News
31 Oct 2026, 02:36 WIB
Tokenpost
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Neutral
Ripple moves 120M XRP to unknown wallet, sparking market speculation.

Ripple recently transferred 120 million XRP tokens to a wallet with no identified owner, raising questions about potential impacts on market sentiment and trading activity. This move follows Ripple's previous action of locking 500 million XRP in escrow, which was intended to control the circulating supply. The transfer could influence investor perceptions and market dynamics depending on Ripple's future plans for these tokens.

Following Ripple's transfer of 120 million XRP to an unidentified wallet, XRP remains actively traded on Pluang. As of Oct 31, 2026 06:51 WIB, XRP is priced at Rp22.754 with a 1-day increase of 0.70%. The market shows balanced interest with a 53% buy and 47% sell order split, and a circulating supply of 63.4 billion XRP out of 100 billion total.

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