As per CoinPaper, a sudden on-chain movement of 600 million XRP occurred within minutes, with seven wallets each receiving 100 million XRP. Four of the sending wallets were linked to Ripple, while three remained unconnected to any known entities. The timing coincided with the launch of the 21Shares XRP ETF (TOXR) on the Cboe BZX Exchange. Analysts are monitoring the wallets for further activity, as the transfers suggest structured treasury operations and potential institutional interest in XRP.
600M XRP Moved in Minutes Amid TOXR ETF Launch
CoinpaperShare
Summary
A 600M XRP token launch moved across the network in minutes, with seven wallets each receiving 100M XRP. Four sender addresses were linked to Ripple, while three had no known ties. The transfer occurred alongside the TOXR ETF listing on Cboe BZX. Analysts are tracking the wallets for further activity, noting the potential for structured treasury operations and institutional interest in XRP.
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