Whale Alert’s Radar Picks Up $15.5 Million XRP Splash at Bitstamp

"Ripple's On-Demand Liquidity Service Under Scrutiny as Sender of Large XRP Amounts Traced"

A significant amount of XRP has been sent by an individual associated with Ripple’s On-Demand Liquidity (ODL) service, as per information provided by Bithomp and comments from the Twitter account @XRPwallets. It is worth noting that Bitstamp, a known supporter of Ripple Payments, was previously referred to as ODL. This particular service is widely used for facilitating international money transfers across more than 70 markets.

Over the weekend, John Deaton, the founder of Crypto-Law.US, shared his insights on the optimal timing for investing in XRP. This discussion took place amidst a backdrop of market excitement, which included reactions to a now-debunked rumor about a BlackRock (NYSE:BLK) ETF and a favorable ruling in July by Judge Analisa Torres regarding the legality of Ripple’s XRP sales. Deaton advised investors to consider acquiring XRP before potential FOMO-induced price surges occur, emphasizing the importance of adopting a strategic approach to cryptocurrency investment.

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Martin Reid

Martin Reid

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