On June 30, SBI VC Trade transferred 320 million XRP worth more than 703 million USD, stirring discussions in the XRP community due to its timing ahead of a major escrow event.
The transaction’s origin from SBI VC Trade signals potential strategic moves in the crypto market, especially as Japan considers lowering its crypto tax rate from 55% to 20%.
Following the transfer, XRP’s price fluctuated, dropping below 2.20 USD. Despite the dip, trading volume rose by 15%, indicating increased trader interest.
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