Fintech startup Ripple transferred 500 million XRP tokens from its escrow wallet on Sept. 3, according to data from Whale Alert, a live tracker for cryptocurrency transactions.
The San Francisco-based company moved funds worth about $130.1 million. This token transfer is one among many other enormous transactions to and from Ripple, which have generated resentment within the community as some of its members accuse it of dumping XRP and crashing the token’s price.
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