According to on-chain data, Ripple has transferred 60 million $XRP in different transactions to anonymous wallets. This development comes amid the announcement of a strategic collaboration between Garanti BBVA and Ripple aimed at enhancing the performance and security of Garanti BBVA's growing digital platform.
According to Blockchain data tracker Whale Alert, the transfer of 60 million $XRP , valued at approximately $30.1 million, was executed in two parts. The first transaction saw "30,000,000 XRP worth $15,908,943 transferred from Ripple to unknown wallet," while the second saw "30,000,000 XRP worth $15,908,943 transferred from Ripple to unknown wallet."
The timing of these transfers is particularly interesting given the partnership announcement between Garanti BBVA and Ripple sparking speculation about the intention of the moves. It is possible that these $XRP transfers could be related to liquidity provision, wallet reshuffling, operating funding to expand Ripple’s technology solutions or even selling.
