Ripple Whale Moves 167 Million XRP Amid Market Correction

During a sharp market correction, a Ripple whale moved 167 million XRP, worth approximately $367 million, to an unknown address, sparking speculation about its potential impact.

Whale alerts on X (formerly Twitter) reported the massive transfer, which has caught the attention of the crypto community. While some believe it could be a move for fund consolidation or over-the-counter (OTC) transactions, experts are considering the possibility that this transfer could signal the start of a price rebound.

Such large transfers often indicate either a strategic repositioning or an upcoming market shift, and the fact that this occurred during a market dip adds fuel to the speculation that it may be positioning for a potential upside. If this whale's move is part of a broader accumulation strategy, it could indicate confidence in future price recovery for XRP.