Ripple, anonymous wallet and major exchange shovels nearly half a billion XRP, as price expected to skyrocket in spring 2022
Popular crypto tracker Whale Alert has tweeted that over the last sixteen hours, Ripple tech behemoth wired 200 million XRP tokens after unlocking one billion of them the day before.
Additionally, a similarly sized transaction was made between anonymous crypto wallets.
425 million XRP shifted by major crypto players
The aforementioned crypto tracking platform published several tweets recently, showing that Ripple has locked 800 million XRP back in escrow after releasing a whopping 1 billion of these coins from it on the first day of 2022.
The company transferred the remaining 200 million XRP to one of its wallets and then used those funds internally. This is the equivalent of $ 168,530,030 in fiat currency.
Whale Alert also tweeted that an anonymous crypto whale had sent a slightly bigger XRP lump – 225,329,020 coins – to another crypto wallet with an unregistered owner. That sum is the eighth largest crypto is worth $190,900,260.
Bitstamp moves XRP to BitGo
The third transaction reported by Whale Alert’s Twitter account was Bitstamp moving 20,154,126 XRP to the BitGo custodial service. The latter is used by many financial institutions to store their crypto and last year it was acquired by Galaxy Digital led by Mike Novogratz – an early investor in Bitcoin and Ethereum and a hedge fund guru.
SEC-Ripple case to be over in 2022, will XRP price go to the moon?
As of this writing, XRP is struggling in the $ 0.8 range. As reported by U.Today previously, the SEC lawsuit against Ripple in late December 2021 is expected to be resolved in 2022, according to attorney Jeremy Hogan, who is actively monitoring the progress of the case. At its best estimate, the case is expected to be completed by April of this year.
The XRP community believes that the SEC case against Ripple is the only factor that is restraining the coin’s price, so they hope that XRP will skyrocket, when the “legal war” between the crypto giant and the US regulator is over.
