{"id":552122,"date":"2023-09-20T11:30:05","date_gmt":"2023-09-20T11:30:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=552122"},"modified":"2024-06-11T08:02:52","modified_gmt":"2024-06-11T08:02:52","slug":"ripple-stirs-debate-shuffling-260-million-in-xrp","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/","title":{"rendered":"Ripple Stirs Debate By Shuffling $260 Million In XRP: What&#8217;s Behind The Move?"},"content":{"rendered":"<p>Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community. Recent data points to a series of high-volume XRP transactions totaling 506 million tokens, valued at approximately $260 million, carried out over the span of 19 days. What makes these transactions especially noteworthy is not just their sheer volume but also the repetitive nature and targeted destinations.<\/p>\n<h2>Ripple Transaction Breakdown<\/h2>\n<p>Between the end of August and mid-September, a total of 15 significant XRP transactions were <a href=\"https:\/\/twitter.com\/whale_alert\" target=\"_blank\" rel=\"noopener nofollow\">initiated<\/a> by two Ripple-controlled addresses. These transfers were diligently logged by Whale Alert, a reputable platform that tracks large crypto transactions. The initiation of this flurry was a 31 million XRP transaction on August 30.<\/p>\n<p>Of significant note is the consistent pattern observed in many of these transfers. On numerous occasions, amounts exceeding 29 million tokens were transferred to the U.K.-based exchange, Bitstamp. This has ignited curiosity given Ripple&#8217;s acquisition of a stake in Bitstamp earlier this year. The specifics of this deal remain undisclosed, but the recurrent transfer of significant XRP sums to the exchange&#8217;s wallets post-acquisition does warrant attention.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/ripple-cto-xrp-price-predictions\/\" target=\"_blank\" rel=\"noopener \">Ripple CTO Explains Company\u2019s Stance On Debunking Outrageous XRP Price Predictions<\/a><\/div>\n<p>The address responsible for the majority of these transactions to Bitstamp, although initially unidentified by Whale Alert, is believed to be directly associated with Ripple Labs. This has led to intense speculation within the community. The direct involvement of Bitstamp in these transactions, combined with Ripple&#8217;s known stake in the exchange, raises questions about the nature and intent of these transfers.<\/p>\n<p>Another Ripple-associated address was also active, executing two prominent <a href=\"https:\/\/bithomp.com\/explorer\/rBg2FuZT91C52Nny68houguJ4vt5x1o91m\" target=\"_blank\" rel=\"noopener nofollow\">transfers<\/a> on September 11 and September 18, totaling 175 million XRP in mid-September. Of these, 100 million XRP was moved to a wallet linked with the Canadian SideShift crypto exchange. In a previous instance, similar transactions were observed from the Binance platform to Ripple&#8217;s wallets, but no clarifications were provided by either party at the time.<\/p>\n<h2>Market Implications<\/h2>\n<p>The magnitude of these transactions has understandably caused ripples in the market, leading to speculations about potential systemic selloffs. The recent acquisition of financial services entity Fortress by Ripple has further added fuel to the fire. Questions are being raised about whether Ripple could potentially be leveraging its XRP holdings to facilitate such acquisitions.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/ripple-2\/us-sec-lawsuit-ripple\/\" target=\"_blank\" rel=\"noopener \">This Latest Move Suggests SEC Lawsuit Against Ripple Is Pushing The Crypto Firm Outside The US<\/a><\/div>\n<p>Bill Morgan, an advocate in the XRP circle, queried the relationship between the XRP transactions and the acquisition of Fortress, hinting at the potential impact of such a move on XRP&#8217;s price.\u00a0While these significant XRP transfers have undoubtedly stirred the crypto community, it&#8217;s essential to highlight that Ripple Labs has, in the past, regularly transferred large XRP sums for various operational reasons.<\/p>\n<p>&#8220;I wouldn\u2019t want to think that Ripple sold a lot of XRP to fund this acquisition and bailing out of Fortress customers putting downward price pressure on XRP. But that couldn\u2019t be the cause of the price fall today as the whole crypto market fell,&#8221; he <a href=\"https:\/\/twitter.com\/Belisarius2020\/status\/34481301\" target=\"_blank\" rel=\"noopener nofollow\">tweeted<\/a>.<\/p>\n<p>Currently, neither Ripple Labs nor Bitstamp has provided any official insight into these recent transactions, leaving room for speculation. As the crypto ecosystem awaits an official response, maybe the next quarterly report by Ripple will deliver answers when the companies presents news stats on its quarterly XRP sales.<\/p>\n<p>At press time, XRP traded at $0.5139.<\/p>\n<figure id=\"attachment_552135\" aria-describedby=\"caption-attachment-552135\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-552135 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?resize=3628%2C1672\" alt=\"Ripple XRP price\" width=\"3628\" height=\"1672\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?w=3628 3628w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/XRPUSD_2023-09-20_12-05-18.png?w=3000 3000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-552135\" class=\"wp-caption-text\">XRP rises close to trendline pre-FOMC, 1-day chart | Source: XRPUSD on TradingView.com<\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community. Recent data points to a series of high-volume XRP transactions totaling 506 million tokens, valued at approximately $260 million, carried out over the span of 19 days. What makes these transactions especially noteworthy is not just their sheer volume but also the repetitive nature and targeted destinations. Ripple Transaction Breakdown Between the end of August and mid-September, a total of 15 significant XRP transactions were initiated by two Ripple-controlled addresses. These transfers were diligently logged by Whale Alert, a reputable platform that tracks large crypto transactions. The initiation of this flurry was a 31 million XRP transaction on August 30. Of significant note is the consistent pattern observed in many of these transfers. On numerous occasions, amounts exceeding 29 million tokens were transferred to the U.K.-based exchange, Bitstamp. This has ignited curiosity given Ripple&#8217;s acquisition of a stake in Bitstamp earlier this year. The specifics of this deal remain undisclosed, but the recurrent transfer of significant XRP sums to the exchange&#8217;s wallets post-acquisition does warrant attention. Related Reading: Ripple CTO Explains Company\u2019s Stance On Debunking Outrageous XRP Price Predictions The address responsible for the majority of these transactions to Bitstamp, although initially unidentified by Whale Alert, is believed to be directly associated with Ripple Labs. This has led to intense speculation within the community. The direct involvement of Bitstamp in these transactions, combined with Ripple&#8217;s known stake in the exchange, raises questions about the nature and intent of these transfers. Another Ripple-associated address was also active, executing two prominent transfers on September 11 and September 18, totaling 175 million XRP in mid-September. Of these, 100 million XRP was moved to a wallet linked with the Canadian SideShift crypto exchange. In a previous instance, similar transactions were observed from the Binance platform to Ripple&#8217;s wallets, but no clarifications were provided by either party at the time. Market Implications The magnitude of these transactions has understandably caused ripples in the market, leading to speculations about potential systemic selloffs. The recent acquisition of financial services entity Fortress by Ripple has further added fuel to the fire. Questions are being raised about whether Ripple could potentially be leveraging its XRP holdings to facilitate such acquisitions. Related Reading: This Latest Move Suggests SEC Lawsuit Against Ripple Is Pushing The Crypto Firm Outside The US Bill Morgan, an advocate in the XRP circle, queried the relationship between the XRP transactions and the acquisition of Fortress, hinting at the potential impact of such a move on XRP&#8217;s price.\u00a0While these significant XRP transfers have undoubtedly stirred the crypto community, it&#8217;s essential to highlight that Ripple Labs has, in the past, regularly transferred large XRP sums for various operational reasons. &#8220;I wouldn\u2019t want to think that Ripple sold a lot of XRP to fund this acquisition and bailing out of Fortress customers putting downward price pressure on XRP. But that couldn\u2019t be the cause of the price fall today as the whole crypto market fell,&#8221; he tweeted. Currently, neither Ripple Labs nor Bitstamp has provided any official insight into these recent transactions, leaving room for speculation. As the crypto ecosystem awaits an official response, maybe the next quarterly report by Ripple will deliver answers when the companies presents news stats on its quarterly XRP sales. At press time, XRP traded at $0.5139. Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":552123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,3685,32968,4531,10972],"class_list":["post-552122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-labs","tag-whale-alert","tag-xrp","tag-xrpusd"],"acf":[],"yoast_head":"\n<title>Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?<\/title>\n<meta name=\"description\" content=\"Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community, following massive transfers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?\" \/>\n<meta property=\"og:description\" content=\"Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community, following massive transfers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-20T11:30:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:02:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414\" \/>\n\t<meta property=\"og:image:width\" content=\"2121\" \/>\n\t<meta property=\"og:image:height\" content=\"1414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Ripple Stirs Debate By Shuffling $260 Million In XRP: What&#8217;s Behind The Move?\",\"datePublished\":\"2023-09-20T11:30:05+00:00\",\"dateModified\":\"2024-06-11T08:02:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/\"},\"wordCount\":601,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414\",\"keywords\":[\"Ripple\",\"ripple labs\",\"Whale Alert\",\"xrp\",\"XRPUSD\"],\"articleSection\":[\"Ripple\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/\",\"name\":\"Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414\",\"datePublished\":\"2023-09-20T11:30:05+00:00\",\"dateModified\":\"2024-06-11T08:02:52+00:00\",\"description\":\"Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community, following massive transfers.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414\",\"width\":2121,\"height\":1414,\"caption\":\"Ripple XRP\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ripple Stirs Debate By Shuffling $260 Million In XRP: What&#8217;s Behind The Move?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/uniquehot.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?","description":"Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community, following massive transfers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/","og_locale":"en_US","og_type":"article","og_title":"Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?","og_description":"Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community, following massive transfers.","og_url":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-09-20T11:30:05+00:00","article_modified_time":"2024-06-11T08:02:52+00:00","og_image":[{"width":2121,"height":1414,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Ripple Stirs Debate By Shuffling $260 Million In XRP: What&#8217;s Behind The Move?","datePublished":"2023-09-20T11:30:05+00:00","dateModified":"2024-06-11T08:02:52+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/"},"wordCount":601,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414","keywords":["Ripple","ripple labs","Whale Alert","xrp","XRPUSD"],"articleSection":["Ripple"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/","url":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/","name":"Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414","datePublished":"2023-09-20T11:30:05+00:00","dateModified":"2024-06-11T08:02:52+00:00","description":"Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community, following massive transfers.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414","width":2121,"height":1414,"caption":"Ripple XRP"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Ripple Stirs Debate By Shuffling $260 Million In XRP: What&#8217;s Behind The Move?"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ripple Stirs Debate By Shuffling $260 Million In XRP: What&#8217;s Behind The Move?","url":"http:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/ripple-stirs-debate-shuffling-260-million-in-xrp\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","ripple labs","whale alert","xrp","xrpusd"],"dateCreated":"2023-09-20T11:30:05Z","datePublished":"2023-09-20T11:30:05Z","dateModified":"2024-06-11T08:02:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ripple Stirs Debate By Shuffling $260 Million In XRP: What&#8217;s Behind The Move?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/ripple-stirs-debate-shuffling-260-million-in-xrp\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/ripple-stirs-debate-shuffling-260-million-in-xrp\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-1323355582.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/iStock-1323355582.jpg?fit=2121%2C1414\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"ripple labs\",\"whale alert\",\"xrp\",\"xrpusd\"],\"dateCreated\":\"2023-09-20T11:30:05Z\",\"datePublished\":\"2023-09-20T11:30:05Z\",\"dateModified\":\"2024-06-11T08:02:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/iStock-1323355582.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/552122"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=552122"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/552122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/552123"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=552122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=552122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=552122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}