Ripple whales continue to move vast volumes of XRP.
Whale Alert, the famous crypto data provider that tracks the large movement of crypto assets across various wallets, observed considerable amounts of Ripple (XRP) shuffled between exchanges and unknown wallets.
According to Whale Alert, a total of 421,219,375 (421.21 million) XRP tokens have been shuffled between cryptocurrency exchanges and unknown wallets over the last 24 hours. At the current exchange rate, the funds were worth $379.58 million.
The transactions mainly involved Ripple’s On-Demand Liquidity (ODL) cryptocurrency exchange partners, Bitstamp and Bitso. Based on this, it is believed that all large movements of XRP coins involving Bitso and Bitstamp are mostly ODL-related.
The first large XRP transaction in the last 24 hours was reported precisely 16 hours ago. Per Whale Alert, 30 million XRP coins were sent to an address on the Bitstamp exchange from an unknown wallet. At the time of the transaction, the funds were worth $10.61 million.
🚨 30,000,000 #КСРП (10,614,540 УСД) пребачен из непознатог новчаника у #Битстампhttps://t.co/NN40Nmq3Aj
- Обавештење о китовима (@вхале_алерт) Септембар 12, 2022
Roughly 10 hours ago, Whale Alert also tracked the movement of 165 million XRP worth around $58.98 million from the FTX cryptocurrency exchange to an unknown wallet.
165,000,000 #КСРП (58,985,368 УСД) пренесено из #ФТКС у непознати новчаникhttps://t.co/h94OiRJ0Sd
- Обавештење о китовима (@вхале_алерт) Септембар 12, 2022
A total of 30 million XRP ($10.73 million) were sent from an unknown wallet to an address on Bitso exchange, a partner of Ripple’s On-Demand Liquidity (ODL).
🚨 30,000,000 #КСРП (10,730,551 УСД) пребачен из непознатог новчаника у #Битсоhttps://t.co/P2w2XFGuK4
- Обавештење о китовима (@вхале_алерт) Септембар 13, 2022
In a similar development, another 40 million XRP worth approximately $14.35 million was also sent to an address on the Bitso exchange from an unknown address.
🚨 40,000,000 #КСРП (14,348,954 УСД) пребачен из непознатог новчаника у #Битсоhttps://t.co/etdGZICwA5
- Обавештење о китовима (@вхале_алерт) Септембар 13, 2022
Whale Alert also saw 40 million XRP worth approximately $14.35 million sent from an unknown wallet to the Bitstamp exchange.
🚨 40,000,000 #КСРП (14,348,954 УСД) пребачен из непознатог новчаника у #Битстампhttps://t.co/EuOryblzKa
- Обавештење о китовима (@вхале_алерт) Септембар 13, 2022
50,119,375 (50.12 million) XRP were sent to an unknown wallet from the Bitstamp exchange. At the time of the transaction, the funds were worth $17.9 million.
🚨 50,119,375 #КСРП (17,903,096 УСД) пренесено из #Битстамп у непознати новчаникhttps://t.co/rJpP71zyqr
- Обавештење о китовима (@вхале_алерт) Септембар 13, 2022
Furthermore, 66.1 million XRP coins were sent from Bitso to an unknown wallet, and the funds were worth around $23.7 million.
66,100,000 ЈПИ #КСРП (23,703,167 УСД) пренесено из #Битсо у непознати новчаникhttps://t.co/4FMEzPprsT
- Обавештење о китовима (@вхале_алерт) Септембар 13, 2022
So a total of 421,219,375 (421.21 million) XRP tokens worth $379.58 million were shuffled over the last 24 hours.
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Source: https://thecryptobasic.com/2022/09/13/ripple-whale-transactions-spike-with-over-421-million-xrp-on-the-move/?utm_source=rss&utm_medium=rss&utm_campaign=ripple-whale-transactions-spike-with-over-421-million-xrp-on-the-move