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  • Mathew Jacob

Elon Musk's digital currency wallets discovered to hold over 16.7 million XRP.

In the dynamic landscape of cryptocurrencies, a digital wallet containing over $16 million in XRP, linked to Elon Musk, has emerged as a fascinating subject of speculation and interest. XRP Liquidity on X, a prominent XRP liquidity tracker, has recently highlighted this wallet, suggesting it could be instrumental in predicting significant shifts in Ripple's cryptocurrency value.

At the heart of this revelation is a smart money wallet tagged "Musk." This wallet stands out not only for its substantial XRP holdings but also for the intriguing thematic tags associated with it. The wallet owner appears to have a deep interest in notable figures from astronomy, science, and technology, with tags such as Isaac Newton, Andreessen, Turing, Sagan, and Faraday. All these wallets, including the one tagged "Musk," were activated between 2013 and 2014, shortly after XRP began trading.

The person behind these wallets started with the Sagan wallet in June 2013, followed by the Isaac Newton and Musk wallets in November of the same year. Over time, these wallets activated various addresses, leading to the creation of an untagged wallet, rpdfM4K, in August 2017. This particular wallet received a notable transfer of 20 million XRP from the aforementioned addresses on August 26, 2017.

The activities of the untagged wallet in December 2017 have captured analysts' attention. It transferred 2.99 million XRP to Bitstamp just days before XRP hit its record high of $3.31. This transaction took place during a bullish surge for XRP, starting on December 11, 2017, with the transfers executed on December 14. XRP reached its all-time high just 21 days later.

Since the significant transfer in December 2017, the untagged wallet has retained approximately 17 million XRP. XRP Liquidity on X advises investors to keep a close watch on this wallet, suggesting that future transfers could signal an impending major price movement for XRP.

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This discovery sheds light on the intriguing connection between Elon Musk and significant XRP holdings, highlighting the potential impact such wallets can have on the cryptocurrency market.



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