Ripple recently transferred 150 million XRP (CRYPTO:XRP) tokens, valued at approximately $66 million, to various crypto wallets, potentially influencing market dynamics without an immediate price impact.

This transaction is part of Ripple's broader redistribution strategy, which began with the release of 1 billion XRP on July 1, reallocating significant portions of its reserves.

Despite ongoing market pressures that have driven XRP's price down by 30% year-to-date to around $0.44, the recent token movement reflects Ripple's strategic management of its token supply and liquidity needs.

Key transactions include movements to intermediate and exchange wallets, suggesting potential future sell-offs or enhanced market liquidity strategies by Ripple.